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Batch Quantities when Forecasts are Improving

Axsäter, Sven LU (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:
author
organization
publishing date
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
2011-06-20 08:37:40
date last changed
2017-05-28 03:58:35
@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},
  volume       = {133},
  year         = {2011},
}