Abstract
AbstractIn this paper the optimal replenishment schedule, that is, the number and timing of replenishments, is derived for a class of deterministic inventory models with general time-dependent demand and carrying cost functions. These results generalize several papers in the literature including the author’s previous work on the case of power-form demand and carrying cost functions.The results are applicable in several important inventory management situations. Examples include inventory problems involving discounted or inflated costs and problems in which demand and / or carrying cost functions are estimated through statistical time-series analysis.
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