An optimal recursive method for various
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Jinn-Tsair Teng; Maw-Sheng Chern; Hui-Ling Yang
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Article
📅
1997
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John Wiley and Sons
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English
⚖ 129 KB
We establish various inventory replenishment policies to solve the problem of determining the timing and number of replenishments. We then analytically compare various models, and identify the best alternative among them based on minimizing total relevant costs. Furthermore, we propose a simple and