NONSTATIONARY ORDERING POLICIES FOR MULTIITEM INVENTORY SYSTEMS SUBJECT TO A SINGLE RESOURCE CONSTRAINT AND QUANTITY DISCOUNTS

Authors
GUDER F ZYDIAK JL
Citation
F. Guder et Jl. Zydiak, NONSTATIONARY ORDERING POLICIES FOR MULTIITEM INVENTORY SYSTEMS SUBJECT TO A SINGLE RESOURCE CONSTRAINT AND QUANTITY DISCOUNTS, Computers & operations research, 24(1), 1997, pp. 61-71
Citations number
9
Categorie Soggetti
Operatione Research & Management Science","Operatione Research & Management Science","Computer Science Interdisciplinary Applications","Engineering, Industrial
Journal title
Computers & operations research → ACNP
ISSN journal
03050548
Volume
24
Issue
1
Year of publication
1997
Pages
61 - 71
Database
ISI
SICI code
0305-0548(1997)24:1<61:NOPFMI>2.0.ZU;2-M
Abstract
The multi-item inventory problem with a single resource constraint and quantity discounts is studied in this paper. Known solution approache s to this problem, both heuristic and enumerative, assume that orderin g policies are stationary. A new heuristic approach is presented here for generating non-stationary ordering policies, with order quantities that can vary over time. Computational results for comparing these me thods are given. The non-stationary approach is shown in these experim ents to outperform heuristic stationary approaches, and an enumerative stationary approach when the non-stationary approach is suitably init ialized. Copyright (C) 1996 Elsevier Science Ltd