In Chaps. 3, 4, 5, and 6 it was assumed that different items in an inventory could be controlled independently. We shall now leave this assumption and consider situations where there is a need to coordinate orders for different items. In this chapter we shall still, as in Chaps. 3, 4, 5, and 6, assume that the items are stocked at a single location. (Multi-stage inventory systems are dealt with in Chaps. 8, 9, and 10.) We consider traditional inventory costs and constraints, i.e., holding costs, ordering or setup costs, and backorder costs or service constraints.
Cycle Time Setup Time Basic Period Setup Cost Safety Stock
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