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Zbl 0977.90500
Wagner, Harvey M.; Whitin, Thomson M.
Dynamic version of the economic lot size model. (English)
[J] Manage. Sci. 5, 89-96 (1958). ISSN 0025-1909; ISSN 1526-5501/e

From the text: A forward algorithm for a solution to the following dynamic version of the economic lot size model is given: allowing the possibility of demands for a single item, inventory holding charges, and setup costs to vary over $N$ periods, we desire a minimum total cost inventory management scheme which satisfies known demand in every period. Disjoint planning horizons are shown to be possible which eliminate the necessity of having data for the full $N$ periods.\par Some of the results can be obtained as special instances of the horizon theorem of {\it A. Charnes, W. W. Cooper} and {\it B. Mellon} [Econometrica 23, 307-323 (1955; Zbl 0064.39601)].

MSC 2000:: *90B05 Inventory management

Citations: Zbl 0064.39601

Cited in: Zbl 1137.90308

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Zentralblatt MATH Berlin [Germany]