An inventory model for multiple items assuming time-varying demands and limited storage

• Published in: Optimization letters Vol. 16; no. 6; pp. 1935 - 1961
• Main Authors: San-José, Luis A., González-De-la-Rosa, Manuel, Sicilia, Joaquín, Febles-Acosta, Jaime
• Format: Journal Article
• Language: English
• Published: Berlin/Heidelberg Springer Berlin Heidelberg 01.07.2022
• Subjects: Computational Intelligence; Mathematics; Mathematics and Statistics; Numerical and Computational Physics; Operations Research/Decision Theory; Optimization; Original Paper; Simulation; Time-dependent demand; Reorder points; Inventory system; Full backlogging; Multiple items

A model for inventory systems with multiple products is studied. Demands of items are time-dependent and follow power patterns. Shortages are allowed and fully backlogged. For this inventory system, our findings provide the efficient inventory policy that helps decision-makers to obtain the initial...