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- Publisher
- Emerald Publishing
- Copyright
- Copyright © Emerald Group Publishing Limited
- ISSN
- 0144-3577
- DOI
- 10.1108/01443579210008141
- Publisher site
- See Article on Publisher Site
Abstract
Presents a simple method for determining an optimum ordering policyfor the singleperiod inventory problem with a setup cost of orderingand the uncertain total demand over the period represented by a uniformprobability density function, the distribution reflecting the decisionmakers degree of belief that all values of total demand outside twopossibly soft limits are barely credible and that allvalues within the limits are equally likely. The method is simple toimplement and allows easy sensitivity analysis of the results toperturbations in the estimates of the problem parameters. Presents anumerical example to illustrate the essential features of the method.
Journal
International Journal of Operations & Production Management – Emerald Publishing
Published: Mar 1, 1992