Batch Quantities when Forecasts are Improving
Batch Quantities when Forecasts are Improving
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DOI:
10.1016/j.ijpe.2010.03.022
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发表时间:
2011-09
影响因子:
12
通讯作者:
S. Axsäter
中科院分区:
文献类型:
--
作者:
S. Axsäter
This paper considers the choice of initial batch quantities when demand forecasts are improving. We assume that the standard deviation of the demand per period is decreasing exponentially and approaching a long-run value. A discrete time stochastic single-level inventory model is considered. There are traditional holding and backorder costs as well as an ordering cost. The ordering periods must be determined in advance, and we wish to determine a suitable schedule.