Deterministic lot-size inventory models with shortages and deterioration for fluctuating demand

Jinn Tsair Teng, Maw Sheng Chern, Hui Ling Yang, Yuchung J. Wang

Research output: Contribution to journalArticlepeer-review

82 Scopus citations

Abstract

We establish various inventory replenishment policies. We then analytically identify the best alternative among them based on the minimum total relevant costs. Finally, we prove that the relevant cost is convex with the number of replenishments. Consequently, the search for the optimal replenishment number is reduced to finding a local minimum.

Original languageEnglish (US)
Pages (from-to)65-72
Number of pages8
JournalOperations Research Letters
Volume24
Issue number1
DOIs
StatePublished - Feb 1999

All Science Journal Classification (ASJC) codes

  • Software
  • Management Science and Operations Research
  • Industrial and Manufacturing Engineering
  • Applied Mathematics

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