OPERATIONS RESEARCH LETTERS, vol.36, no.5, pp.543-546, 2008 (SCI-Expanded)
Article / Article
OPERATIONS RESEARCH LETTERS
Science Citation Index Expanded (SCI-EXPANDED), Scopus
Lot-sizing, Order-up-to level inventory policy, Dynamic programming, MODEL
Middle East Technical University Affiliated:
We consider a two-level vendor-managed system in which external demand occurs only at a retailer and a supplier replenishes the retailer employing an order-up-to S policy over T periods. We present an O(T-3) algorithm to coordinate the system when S is known. We also show that S can be optimized in O(aT(3)) time for an input parameter a. (c) 2008 Elsevier B.V. All rights reserved.