A Note on Determining Order Quantities with a Linear Trend in Demand

Article Abstract:

A modification of the economic lot-sizing model is developed. Demand is assumed to be increasing or decreasing. The demand pattern is a linear function of time. Order points and order quantities for a linear trend demand pattern may be determined. Tables are given.

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Demand During Lead Time for Normal Unit Demand and Erlang Lead Time

Article Abstract:

A paper by T.A. Burgin (1972) is expanded and clarified. The problem addressed is the distribution of demand during lead time is Erland. The probability density and potential lost sales are modified. The extent of underestimation of the stockout risk is reduced.

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An Equation for the Optimal Value of T, the Inventory Replenishment Review Period when Demand Is Normal

Article Abstract:

Theoretical analysis of the review period/maximum stock method of controlling an inventory item is attempted. Differentiation of T is awkward in the probability density function. A model is developed when demand is stochastic.

Inventory control

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