Optimal Policy and Simple Algorithm for a Deteriorated Multi-Item EOQ Problem
Optimal Policy and Simple Algorithm for a Deteriorated Multi-Item EOQ Problem
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DOI:
10.4236/ajor.2011.12007
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发表时间:
2011-06
期刊:
影响因子:
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通讯作者:
Bin Zhang;Xiayang Wang
中科院分区:
文献类型:
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作者:
Bin Zhang;Xiayang Wang
This paper considers a deteriorated multi-item economic order quantity (EOQ) problem, which has been studied in literature, but the algorithms used in the literature are limited. In this paper, we explore the optimal policy of this inventory problem by analyzing the structural properties of the model, and introduce a simple algorithm for generating the optimal solution to this problem. Numerical results are reported to show effi-cacy of the proposed method.