Stocking of Prescribed Sizes of an Item
作者:
SilverEdward A.,
KellePéter,
期刊:
Journal of the Operational Research Society
(Taylor Available online 1989)
卷期:
Volume 40,
issue 8
页码: 719-727
ISSN:0160-5682
年代: 1989
DOI:10.1057/jors.1989.123
出版商: Taylor&Francis
关键词: inventory model;stock allocation
数据来源: Taylor
摘要:
AbstractIn this paper we consider an item that is sold in a number of different prescribed sizes, an example being an item of clothing. We first deal with the situation where the total demand for a forthcoming period is known accurately but only historical or subjective estimates of the fractions of demand in each size are available. A procedure is developed for optimally allocating a given stock budget among the different sizes. Its performance is compared with a simpler, proportional allocation scheme. The numerical examples include data on clothing provided by a major municipal organization. The case where the total demand is a random variable is also treated.
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