In Chapter 3 it was assumed that different items in an inventory could be controlled independently. We shall now leave this assumption and consider situations where there is a need to coordinate orders for different items. We shall still, as in Chapter 3, assume that the items are stocked at a single location. Multi-stage inventory systems are dealt with in Chapter 5. As in Chapter 3, we here consider traditional inventory costs and constraints, i.e., holding costs, ordering or setup costs, and backorder costs or service constraints.
KeywordsCycle Time Basic Period Safety Stock Cyclic Schedule Reorder Point
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