Technical Paper: On the Relationship between Constrained and Unconstrained Multi‐item Replenishment Problems

Abstract

This paper shows how to obtain an optimal inventory management policy, subject to an investment constraint, when different items are ordered from the same supplier. It is shown that the optimal policy for this constrained problem may be obtained directly from the solution to the equivalent unconstrained problem.

Citation

Dagpunar, J.S. (1989), "Technical Paper: On the Relationship between Constrained and Unconstrained Multi‐item Replenishment Problems", International Journal of Operations & Production Management, Vol. 9 No. 4, pp. 77-81. https://doi.org/10.1108/EUM0000000001238