Research Reports from the Department of Operations
Document Type
Report
Publication Date
1-5-2015
Abstract
This paper reports two algorithms for inventory decisions under inflationary conditions. The first, a heuristic algorithm, was designed to provide efficient purchasing decisions when the demand is deterministic and constant overtime and no inventory shortage is allowed at anytime. It is assumed that price increases due to inflation occurs in a discrete fashion; that is, prices go up not continually but at discrete time points. The second, a dynamic programming algorithm was derived under the same price increase assumption, but applies to the deterministic, dynamic demand and no shortage problem. [Published circa 1979-1980.]
Keywords
Operations research, Inventory control, Inflation (Finance), Algorithms
Publication Title
Technical Memorandums from the Department of Operations, School of Management, Case Western Reserve University
Issue
Technical memorandum no. 480
Rights
This work is in the public domain and may be freely downloaded for personal or academic use
Recommended Citation
Duraiswamy, N.G. and Reisman, Arnold, "Two Algorithms for Inventory Decisions Under Inflationary Conditions" (2015). Research Reports from the Department of Operations. 616.
https://commons.case.edu/wsom-ops-reports/616
