The finite horizon trended inventory replenishment problem with shortages

The finite horizon trended inventory replenishment problem with shortages

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Article ID: iaor19932114
Country: United Kingdom
Volume: 43
Issue: 12
Start Page Number: 1173
End Page Number: 1178
Publication Date: Dec 1992
Journal: Journal of the Operational Research Society
Authors: , ,
Abstract:

A new type of replenishment policy is suggested for an inventory item having a finite shortage cost and linear trend in demand over a finite time horizon. The optimal solution of the suggested replenishment policy has a lower total cost as compared with the optimal solution for the traditional replenishment policies.

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