Name
Abstract | ||
|---|---|---|
•We investigate the value of accounting for demand seasonality in inventory control.•We calculate the policy which minimizes the long-run average cost.•We compute the optimality gaps of policies which ignore part or all demand seasonality.•Extensions to problems with co-location and other, more general problem classes are discussed.•We apply the problem to a real life setting, using Point-of-Sales data from a European retailer.•We show that not incorporating seasonality can lead to a large profit gap. |
Year | DOI | Venue |
|---|---|---|
2014 | 10.1016/j.ejor.2014.03.030 | European Journal of Operational Research |
Keywords | Field | DocType |
Retailing,Inventory control,Lost sales,Non-stationary demand,Seasonality | Economics,Fixed cost,Seasonality,Average cost,Inventory control,Lead time,Demand management,Multiple,Variable cost,Operations management | Journal |
Volume | Issue | ISSN |
238 | 2 | 0377-2217 |
Citations | PageRank | References |
6 | 0.46 | 10 |
Authors | ||
3 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| J. C. F. Ehrenthal | 1 | 6 | 0.46 |
| Dorothee Honhon | 2 | 14 | 1.32 |
| eu | 3 | 549 | 39.51 |