Abstract
We discuss the inventory replenishment policy for an item having a deterministic demand pattern with a linear (positive) trend and shortages. A heuristic is developed to determine the decision rule for selecting the times and sizes of replenishments over a finite time-horizon so as to keep the total costs minimum. The use of the heuristic is illustrated with a numerical example.
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Deb, M., Chaudhuri, K. A Note on the Heuristic for Replenishment of Trended Inventories Considering Shortages. J Oper Res Soc 38, 459–463 (1987). https://doi.org/10.1057/jors.1987.75
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DOI: https://doi.org/10.1057/jors.1987.75