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- W2079427203 abstract "This paper conducts sensitivity analysis on inventory models with demand trends. Four demand trend models are considered. These are linear, quadratic exponential decay, and exponential growth trend models. The sensitivity analysis tests the effect of errors in estimating holding and setup costs on the ordering policy and total cost. The result shows that if either of these costs is changed by a factor of 2 in either direction of the actual cost, the total cost and ordering policy become sensitive. However, the total cost for the exponential growth model is insensitive to changes in setup cost. More importantly, our results show that approximately the same magnitude of change on the cycle time is obtained for any change on the setup cost or the holding cost irrespective of the demand trend. Thus, the magnitude of change on cycle time is not a function of the demand trend. However, the magnitude of change in the total cost is a function of the demand trend." @default.
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- W2079427203 date "1990-01-01" @default.
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- W2079427203 title "The sensivity of inventory models with demand trend" @default.
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- W2079427203 doi "https://doi.org/10.1016/0360-8352(90)90026-i" @default.
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