Bc. Giri et al., A note on a lot sizing heuristic for deteriorating items with time-varyingdemands and shortages, COMPUT OPER, 27(6), 2000, pp. 495-505
In the present article, an existing heuristic procedure is applied to an in
ventory of deteriorating items with (i) linearly and (ii) exponentially tim
e-varying demands and shortages over a fixed planning horizon. In a similar
problem, Hariga and Al-Alyan [Hariga RI, Al-Alyan A. A lot sizing heuristi
c for deteriorating items with shortages in growing and declining markets.
Computers & Operations Research 1997;24:1075-83] allowed shortages in all c
ycles except in the last one (policy-B). Here shortages are considered in e
ach cycle and are completely backlogged (policy-A). The successive scheduli
ng periods over an infinite time horizon are adjusted for a finite planning
horizon following different adjustment policies (APs) that are proposed in
an algorithmic form. Numerical examples are taken from Hariga and Al-Alyan
[20] to show that the replenishment policy-A results in a lower average sy
stem cost than that of policy-B in both types of demand patterns. It is als
o found that the approximate results under the policy-A are closely associa
ted with those of the optimal ones.