Silver-Meal Heuristic Inventory Model

Input data:
Number of periods, N =
Period t=
Setup cost, Kt =
Holding cost, ht =
Demand, Dt =

6
1
20
1
10

<<Maximum 14 periods
2
3
17
10
1
1
15
7

4
18
3
20

5
5
1
13

6
50
1
25

TC

TCU

Model calculations:
Start Iteration at Period Period

Dt

ory Model

Optimum solution (Total cost = $0.00):