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discounted dynamic lot size models 1 existence of forecast horizons 1
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Chand, Suresh 1 Sethi, Suresh P. 1 Sorger, Gerhard 1
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Forecast Horizons in the Discounted Dynamic Lot Size Model
Chand, Suresh; Sethi, Suresh P.; Sorger, Gerhard - In: Management Science 38 (1992) 7, pp. 1034-1048
We derive a sharp upper bound on the minimal forecast horizon in the discounted dynamic lot size model with constant initial demand. This bound is given by m(m + 1), where m is the EOQ's worth, i.e., the number of periods for which the total demand equals Economic Order Quantity. Our results do...
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