Note—A Graphical Aid for Determining Optimal Inventories in a Unit Replenishment Inventory System

1 November 1977

journal article
Published by Institute for Operations Research and the Management Sciences (INFORMS) in Management Science

Vol. 24 (3) , 358-359
https://doi.org/10.1287/mnsc.24.3.358

Abstract

This note provides the methodology to construct a set of indifference curves that permit the exact determination of the optimal inventory level in a system where items are restocked one at a time and unsatisfied demand is lost. An illustrative set of curves is shown.

Keywords

OPTIMAL
INDIFFERENCE CURVES
UNSATISFIED DEMAND
INVENTORY SYSTEM
EXACT DETERMINATION
ILLUSTRATIVE SET
GRAPHICAL AID
INVENTORY LEVEL
REPLENISHMENT INVENTORY
NOTE PROVIDES

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