Journal of the Operational Research Society · 1977 · 417 citations · 0 references
ManagementIndustrial EngineeringOperations ManagementDemand ForecastingInventory ControlInventory ManagementInventory Control PoliciesInventory OptimizationInventory Replenishment SystemsInventory StrategyInventory TheoryReplenishment PlanningInventory Control ModelsInventory ReplenishmentInventory Replenishment ModelsLinear Trend EstimationReplenishment PoliciesReplenishment Under Demand UncertaintyTrend Modeling
The classical no-shortage inventory policy is examined for the case of a linear trend in demand. Using methods of calculus a computationally simple procedure for determining the optimal times for replenishment of inventory is established. Table extracts for the functions required are included.