Mathematical Model of Inventory Policy under Limited Storage Space for Continuous and Periodic Review Policies with Backlog and Lost Sales

Table 3

Performance of the developed method, optimal and off-optimal.

Continuous review with backlog (CPU time = 43.69 s)				Continuous review with lost sales (CPU time = 48.27 s)
Iter.			TC	Iter.			TC
9	2,840	1,066	46.0347	10	2,849	1,053	46.1756
Opt.	2,840	1,066	46.0347	Opt.	2,849	1,053	46.1756
Off-opt	0%	0%	0%	Off-opt	0%	0%	0%
Periodic review with backlog (CPU time = 9.14 s)				Periodic review with lost sales (CPU time = 9.13 s)
Iter.			TC	Iter.			TC
1	3,042	1,044	46.0413	1	3,041	1,041	46.1774
Opt.	3,020	1,066	46.0347	Opt.	3,029	1,053	46,1756
Off-opt	0.73%	2.06%	0.0143%	Off-opt	0.40%	1.14%	0.0039%