Title :
Dependent policy for order quantity problems with time-varying demands
Author :
Jiafu Tang ; Fung, Rita ; Kai-Leung Yung ; Dingwei Wang
Author_Institution :
Sch. of Inf. Sci. & Eng., Northeastern Univ., Shenyang, China
Abstract :
The time-varying demands in a period considered in most of the heuristics in literatures is generally assumed to be less than the basic EOQ in a planning period, and hence the decisions of total replenishment quantity, not the economic order quantity in each planning period, are concerned. This paper focuses on a dependent policy-based heuristic for order quantity problems with time-varying demand. The independent policy, abnormal independent policy and various dependent policies are discussed and compared.
Keywords :
heuristic programming; stock control; time-varying systems; abnormal independent policy; basic EOQ; dependent policy-based heuristic; economic order quantity; heuristics; planning period; time-varying demands; total replenishment quantity; Costs; Dynamic programming; Heuristic algorithms; Information science; Inventory management; Manufacturing; Mathematical model; Production; Silver; Standards development;
Conference_Titel :
Decision and Control, 2001. Proceedings of the 40th IEEE Conference on
Conference_Location :
Orlando, FL, USA
Print_ISBN :
0-7803-7061-9
DOI :
10.1109/CDC.2001.981194