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A Note on the Heuristic for Replenishment of Trended Inventories Considering Shortages

  • Technical Note
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Journal of the Operational Research Society

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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Authors and Affiliations

  1. Department of Mathematics, Jadavpur University, Calcuta, India

    Maitreyee Deb & K. Chaudhuri

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  1. Maitreyee Deb
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  2. K. Chaudhuri
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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

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