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Published in:
1972 | OriginalPaper | Chapter
Batch size in the case of periodic re-ordering
Authors : R. N. van Hees, W. Monhemius
Published in: Production and Inventory Control: Theory and Practice
Publisher: Macmillan Education UK
Included in: Professional Book Archive
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So far, Q* has been calculated on the assumption that the inventory is controlled according to a (B, Q) method and that B* and Q* are established independently of each other and separately for each article. We shall now define a suitable approach to the calculation of batch sizes in a periodic re-ordering system, for example a (s, S) method.