Abstract
The difficulties encountered in the practice of inventory control led us to several criticisms of the classical inventory models. We define another approach for the determination of inventory policies based on the notion of efficient policy surfaces. We extend this notion to multi-item inventory control by defining the concepts of family and aggregate item. Using several attributes, we build families of items. In every family, an aggregate item is built in order for the inventory practitioner to make decisions.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
