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| Author: | Hill, R. |
| Title: | Inventory models for increasing demand followed by level demand |
| Journal: | Journal of the Operational Research Society
1995 : OCT, VOL. 46:10, p. 1250-1259 |
| Index terms: | OPERATIONAL RESEARCH INVENTORIES MODELS |
| Language: | eng |
| Abstract: | This paper considers a product subject to a period of increasing demand, according to a general power law, followed by a period of level demand. By assuming that the Economic Batch Quantity (EBQ) is used as soon as a level demand is reached, the author derives the optimal production/purchasing policy for use at any stage during the period of growth. The optimal approach is compared with that of the Silver-Meal heuristic. |
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