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Batch Quantities wh...
Batch Quantities when Forecasts are Improving
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- Axsäter, Sven (author)
- Lund University,Lunds universitet,Produktionsekonomi,Institutionen för maskinvetenskaper,Institutioner vid LTH,Lunds Tekniska Högskola,Production Management,Department of Mechanical Engineering Sciences,Departments at LTH,Faculty of Engineering, LTH
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(creator_code:org_t)
- Elsevier BV, 2011
- 2011
- English.
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In: International Journal of Production Economics. - : Elsevier BV. - 0925-5273. ; 133:1, s. 212-215
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http://dx.doi.org/10...
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Abstract
Subject headings
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- 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.
Subject headings
- TEKNIK OCH TEKNOLOGIER -- Samhällsbyggnadsteknik -- Transportteknik och logistik (hsv//swe)
- ENGINEERING AND TECHNOLOGY -- Civil Engineering -- Transport Systems and Logistics (hsv//eng)
Publication and Content Type
- art (subject category)
- ref (subject category)
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