Alternative Solution Methods for the Inventory Replenishment Problem under Increasing Demand

John T. Buchanan

43 citations0/0 files storedJournal of the Operational Research Society

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Supply Chain and Inventory Management Management and Optimization Techniques Optimization and Mathematical Programming

Abstract

Two solution methods are offered for the no-shortage stock control problem under linearly increasing demand. The heuristic of the first "myopic" method is also exploited in the second method, which is based on a dynamic programming formulation. The DP formulation is not only trivial to solve computationally, but also offers ready-made sensitivity analyses. Unlike the other method, it also readily extends to more complicated models.

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1977Inventory Replenishment Policy for a Linear Trend in Demand—An Analytical Solution 1979A Simple Inventory Replenishment Decision Rule for a Linear Trend in Demand 1979Inventory Replenishment Policy for Increasing Demand

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2010A finite replenishment model with increasing demand under inflation 1986A note on the economic replenishment interval for an item with a linear trend in demand 2002Exact solution of inventory replenishment policy for a linear trend in demand – two-equation model 2013An EOQ model for a deteriorating item with time dependent quadratic demand and variable deterioration under permissible delay in payment 2007Replenishment policy for EOQ models with time-dependent quadratic demand and shortages 1990An eclectic algorithm for inventory replenishment for items with increasing linear trend in demand 1997An EOQ model for deteriorating inventory with alternating demand rates 1990On production policies for a linearly increasing demand and finite, uniform production rat

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