Abstract
This paper is concerned with the optimal control of inventory items which experience lumpy demands. A mathematical model is developed for the determination of optimal replenishment policies for such items. In order to avoid disrupting the inventory system, a maximum issue quantity of w units is specified such that customer orders with sizes exceeding w units will be filtered out of the inventory system and treated as special orders to be satisfied by placing special replenishment orders to a supplier. Customer orders with sizes less than or equal to w units will be met from stock. A genetic search algorithm is developed to solve the problem. The theoretical results obtained are illustrated with a numerical example.
Original language | English |
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Pages (from-to) | 273-276 |
Number of pages | 4 |
Journal | Computers and Industrial Engineering |
Volume | 37 |
Issue number | 1 |
DOIs | |
Publication status | Published - Oct 1999 |
Externally published | Yes |
Event | Proceedings of the 1998 24th International Conference on Computers and Industrial Engineering - Middlesex, UK Duration: 2 Sept 1998 → 4 Sept 1998 |
ASJC Scopus subject areas
- General Computer Science
- General Engineering