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Author:Hariga, M.
Ben-Daya, M.
Title:Optimal time varying lot-sizing models under inflationary conditions
Journal:European Journal of Operational Research
1996 : MAR 8, VOL. 89:2, p. 313-325
Index terms:INFLATION
LOT-SIZE MODEL
Language:eng
Abstract:This paper deals with the inventory replenishment problem over a fixed planning horizon for items with linearly time-varying demand and under inflationary conditions. The authors develop models and optimal solution procedures with and without shortages. They do not put any restriction on the length of the replenishment cycles making the proposed methods the first optimal solution procedure for this problem. Using four examples, they illustrate the proposed solution procedures and study the effect of changing the inflation and discount rates on the optimal replenishment schedules.
SCIMA record nr: 147369
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