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: | Goyal S.K., Morin D., Nebebe F. |
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.