A note on multi-item inventory systems with limited capacity

Jose A. Ventura, Cerry M. Klein

Research output: Contribution to journalArticle

15 Scopus citations

Abstract

Functional relationships between the Lagrange multiplier and system parameters for multi-item inventory systems with one restriction are identified and used to establish tight bounds on the optimal multiplier value. A recursive process which rapidly converges to the optimal multiplier is also discussed. Finally, a comparative analysis of the new bounds in relation to existing bounds is presented.

Original languageEnglish (US)
Pages (from-to)71-75
Number of pages5
JournalOperations Research Letters
Volume7
Issue number2
DOIs
StatePublished - Apr 1988

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All Science Journal Classification (ASJC) codes

  • Software
  • Management Science and Operations Research
  • Industrial and Manufacturing Engineering
  • Applied Mathematics

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