A deterministic inventory replenishment model with a linear trend in demand

Authors:
Jinn-Tsair Teng
Affiliations:
Department of Marketing and Management Sciences, The William Paterson College of New Jersey, Wayne, NJ 07470, USA
Venue:
Operations Research Letters
Year:
1996

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Abstract

We propose a simple and computationally efficient optimal method in recursive fashion to solve the problem of determining the number and timing of replenishment points, and the amount to be ordered at each replenishment in order to minimize the total ordering, inventory, and shortage costs in the case of a deterministic demand pattern having a linear trend.