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Journal of the Operational Research Society Volume 31, 1980 - Issue 8
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Theoretical Paper

Irregular Demand: Assessing a Rough and Ready Lot Size Formula

P. KicksDepartment of Operational ResearchUniversity of Strathclyde
&
W. A. DonaldsonDepartment of Operational ResearchUniversity of Strathclyde
Pages 725-732 | Published online: 20 Dec 2017
 
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Abstract

The performance of an approximate method for determining inventory replenishment quantities for the case of variable demand is examined using a method of exact analysis. Increasing and decreasing linear trends in demand are considered, the former yielding satisfactory—the latter questionable, performance.

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