id: 05244686
dt: j
an: 05244686
au: Achary, K.K.; Geetha, K.K.
ti: On solving multi-item inventory model using GLD approximation.
so: Int. J. Inf. Manage. Sci. 18, No. 2, 147-156 (2007).
py: 2007
pu: Department of Management Sciences, Tamkang University, Tamsui
la: EN
cc: 
ut: HMMS model; GLD approximation; time weighted inventory; Weibull demand;
    multi-item inventory
ci: 
li: 
ab: Summary: We consider the multi-item version of HMMS [{\it C. C. Holt, F.
    Modigliani, J. F. Muth} and {\it H. A. Simon}, Planning, production,
    inventory and work force, New York: Prentice-Hall (1960)] inventory
    model and describe a method of solving the model using the Generalised
    Lambda Distribution (GLD) approximation for the lead time demand
    distribution. The proposed procedure is non-iterative in nature and
    generalizes the analysis to any continuous demand distribution. The
    application of the procedure for solving a two-item HMMS inventory
    model with normal and Weibill lead time demands is illustrated with
    some numerical examples.
rv: