Batch Quantities when Forecasts are Improving
(2011) In International Journal of Production Economics 133(1). p.212-215- Abstract
- This paper considers the choice of initial batch quantities when demand forecasts are improving. We assume that the standard deviation of the demand per period is decreasing exponentially and approaching a long-run value. A discrete time stochastic single-level inventory model is considered. There are traditional holding and backorder costs as well as an ordering cost. The ordering periods must be determined in advance, and we wish to determine a suitable schedule.
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/1978923
- author
- Axsäter, Sven LU
- organization
- publishing date
- 2011
- type
- Contribution to journal
- publication status
- published
- subject
- in
- International Journal of Production Economics
- volume
- 133
- issue
- 1
- pages
- 212 - 215
- publisher
- Elsevier
- external identifiers
-
- wos:000292942100025
- scopus:79958214029
- ISSN
- 0925-5273
- DOI
- 10.1016/j.ijpe.2010.03.022
- language
- English
- LU publication?
- yes
- id
- 61b87c03-7256-45fb-b453-655b56822138 (old id 1978923)
- date added to LUP
- 2016-04-01 13:34:37
- date last changed
- 2023-03-02 05:59:31
@article{61b87c03-7256-45fb-b453-655b56822138, abstract = {{This paper considers the choice of initial batch quantities when demand forecasts are improving. We assume that the standard deviation of the demand per period is decreasing exponentially and approaching a long-run value. A discrete time stochastic single-level inventory model is considered. There are traditional holding and backorder costs as well as an ordering cost. The ordering periods must be determined in advance, and we wish to determine a suitable schedule.}}, author = {{Axsäter, Sven}}, issn = {{0925-5273}}, language = {{eng}}, number = {{1}}, pages = {{212--215}}, publisher = {{Elsevier}}, series = {{International Journal of Production Economics}}, title = {{Batch Quantities when Forecasts are Improving}}, url = {{http://dx.doi.org/10.1016/j.ijpe.2010.03.022}}, doi = {{10.1016/j.ijpe.2010.03.022}}, volume = {{133}}, year = {{2011}}, }