Abstract
The time-varying demands in a period considered in most of the heuristics in literatures is generally assumed to be less than the basic EOQ in a planning period, and hence the decisions of total replenishment quantity, not the economic order quantity in each planning period, are concerned. This paper focuses on a dependent policy-based heuristic for order quantity problems with time-varying demand. The independent policy, abnormal independent policy and various dependent policies are discussed and compared.
| Original language | English |
|---|---|
| Pages (from-to) | 1965-1970 |
| Journal | Proceedings of the IEEE Conference on Decision and Control |
| Volume | 2 |
| DOIs | |
| Publication status | Published - 2001 |
| Externally published | Yes |
| Event | 40th IEEE Conference on Decision and Control (CDC 2001) - Orlando, United States Duration: 4 Dec 2001 → 7 Dec 2001 |
Research Keywords
- Dependent policy
- EOQ
- Heuristic
- Inventory management
- Time-varying demands
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