We consider several classical models in deterministic inventory theory: the single-item lot-sizing problem, the joint replenishment problem, and the multistage assembly problem. These inventory models ...

As David Patterson observed in 1980, “A RISC potentially gains in speed merely from a simpler design.” Patterson’s principle of simplicity underpins a new alternative to speculation: A deterministic, ...

This is a preview. Log in through your library . Abstract We reconsider the classical lot-size model with the assumption that demand rate is deterministic, starts at the origin, and linearly increases ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. Especially when it comes to manufacturing, problem-solving is an art. Every day, companies ...