Abstract
We consider multi-period one-dimension assortment problems in which demands for all sizes meet the conditions for a dynamic demand economic lot size problem, the same set of sizes are stocked and the same substitution rules are followed in all periods (stationary stocking-substitution policies), and substitution costs have a 'scrap' component and, possibly, either unit-dependent or unit-independent fixed costs. We develop the form of an optimal solution for certain assumptions about the nature of the cost functions and for the relationships among demand patterns for the different sizes. Solution algorithms are developed for both segmented and quasi-segmented stocking-substitution policies and computation-reduction results are developed.
Sign-in/Register to access full text options 
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.
