Using the deterministic EOQ formula in stochastic inventory control

被引：82

作者：

Axsater, S

机构：

[1] Department of Industrial Engineering, Lund University, S-221 00 Lund

来源：

MANAGEMENT SCIENCE | 1996年 / 42卷 / 06期

关键词：

inventory/production; lot sizing; error bound;

D O I：

10.1287/mnsc.42.6.830

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

This note gives an improved bound (root 5-2)/2 approximate to 0.1180 for the relative cost increase when using the deterministic EOQ formula as a heuristic solution when demands are stochastic. We also discuss under what circumstances this bound is tight.

引用

页码：830 / 834

页数：5