Dynamic Version of the Economic Lot Size Model
A forward algorithm for a solution to the following dynamic version of the economic lot size model is given: allowing the possibility of demands for a single item, inventory holding charges, and setup costs to vary over N periods, we desire a minimum total cost inventory management scheme which satisfies known demand in every period. Disjoint planning horizons are shown to be possible which eliminate the necessity of having data for the full N periods.
Year of publication: |
2004
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Authors: | Wagner, Harvey M. ; Whitin, Thomson M. |
Published in: |
Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. 50.2004, 12_supplement, p. 1770-1774
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Publisher: |
Institute for Operations Research and the Management Sciences - INFORMS |
Saved in:
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