In daily life single period and multi period inventory system is very necessary things. When the selling period is fixed that is we cant sell things outside that fixed time then it is called may be single period. Lets talk about it what is the actual definition.
Do you have copies of these books? They are highly recommended for the kind of question you are asking. I used them both for production/inventory management classes I had a few years ago when working on my M.S. in industrial engineering.
Price, P.M. & Harrison, N.J. (2015). Warehouse Management and Inventory Control. Access Education. ISBN: 978-1934231043
Groover, M.P. (2000). Automation, Production Systems, and Computer-Integrated Manufacturing (2nd ed.). ISBN: 978-0130889782 (any edition will do).
Inventory is necessary evil.so try to reduce it with Lean, jit rather than single or multiple
Please, check this paper. In it, there is a review on EOQ in multi-period applications.
Vaziri, S., Zaretalab, A., Esmaeili, M. & Niaki, S.T.A. (2018) An integrated production and procurement design for a multi-period multi-product manufacturing system with machine assignment and warehouse constraint, Applied Soft Computing, Volume 70, September 2018, Pages 238-262.
Hello,
In fact, a multi-period inventory system is a repeat of several (minimum 2) single periods: parameters (in particular the demand) are different, but the main behaviour is similar. It's often the case, for seasonal products, between the high season (fast moving articles) and the low season (slow moving articles)., as clothes or toys...
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