A goal-constraint formulation for multi-item inventory systems.
Choe, Ui Chong
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Variations on the traditional cost minimization of continuous review formulation are investigated in an effort to improve service as measured in terms of time-weighted shortages per unit time. It is proposed that the minimization of time-weighted shortages per unit time will improve service in current Navy Supply Operations. Various models are presented, without reliance upon unknown parameters such as order cost and carrying cost, with necessary conditions and solution algorithms.