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Cost-Effectiveness of Heuristic Decision Rules for Inventory Systems with Stochastic Dynamic Demand

 

作者: BruggemanW.,   Muller (H.,   De MuyterP.,  

 

期刊: International Journal of Modelling and Simulation  (Taylor Available online 1981)
卷期: Volume 1, issue 3  

页码: 260-263

 

ISSN:0228-6203

 

年代: 1981

 

DOI:10.1080/02286203.1981.11760457

 

出版商: Taylor&Francis

 

数据来源: Taylor

 

摘要:

SummaryThis paper compares the cost-effectiveness of 4 heuristics to determine the ordering policy in inventory systems with dynamic stochastic demand. The Least Unit Coot method, Part Period balancing, the Silver Meal Algorithm and the Wagner-Whitin Algorithm were adjusted for the stochastic demand case, whereafter their performance was simulated over a 24 period horizon. Also in a stochastic environment the Uagner-Whitin Algorithm turned out to result in significantly lower total costs than the other heuristics.

 

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