Single-Echelon Systems: Deterministic Lot Sizing

Sven Axsäter ()
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Sven Axsäter: Lund University

Chapter 4 in Inventory Control, 2015, pp 45-63 from Springer

Abstract: Abstract When using an (R, Q) policy we need to determine the two parameters R and Q. We shall first consider the determination of the batch quantity Q. (When using an (s, S) policy, Q essentially corresponds to S—s.) We shall in this chapter assume that the future demand is deterministic and given. If the lead-time is constant, it does then not affect the problem and we can therefore just as well assume that the lead-time L = 0. The only difference in case of a positive lead-time is that we need to order L time units earlier. See also the discussion in Sect. 4.1.3. (If the demand is stochastic, we cannot disregard the lead-time.)

Keywords: Inventory Level; Order Quantity; Penalty Cost; Finite Horizon; Optimal Order Quantity (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-3-319-15729-0_4

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