Dependent policy for order quantity problems with time-varying demands

Jiafu Tang, Richard Fung, Kai Leung Yung, Dingwei Wang

Research output: Journal article publicationJournal articleAcademic researchpeer-review

2 Citations (Scopus)

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 languageEnglish
Pages (from-to)1965-1970
Number of pages6
JournalProceedings of the IEEE Conference on Decision and Control
Volume2
DOIs
Publication statusPublished - 1 Jan 2001

Keywords

  • Dependent policy
  • EOQ
  • Heuristic
  • Inventory management
  • Time-varying demands

ASJC Scopus subject areas

  • Control and Systems Engineering
  • Modelling and Simulation
  • Control and Optimization

Cite this