TY - JOUR
T1 - Cost optimization in the (S-1,S) lost sales inventory model with multiple demand classes
AU - Kranenburg, A.A.
AU - Houtum, van, G.J.J.A.N.
PY - 2007
Y1 - 2007
N2 - For the (S-1,S) lost sales inventory model with multiple demand classes that have different lost sales penalty cost parameters, three accurate and efficient heuristic algorithms are presented that, at a given base stock level, aim to find optimal values for the critical levels, i.e., values that minimize inventory holding and penalty cost.
Keywords: Inventory; Multiple demand classes; Customer differentiation; Rationing; Lost sales
AB - For the (S-1,S) lost sales inventory model with multiple demand classes that have different lost sales penalty cost parameters, three accurate and efficient heuristic algorithms are presented that, at a given base stock level, aim to find optimal values for the critical levels, i.e., values that minimize inventory holding and penalty cost.
Keywords: Inventory; Multiple demand classes; Customer differentiation; Rationing; Lost sales
U2 - doi:10.1016/j.orl.2006.04.004
DO - doi:10.1016/j.orl.2006.04.004
M3 - Article
VL - 35
SP - 493
EP - 502
JO - Operations Research Letters
JF - Operations Research Letters
SN - 0167-6377
IS - 4
ER -