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Glossary Logistics / Term

Wagner-Whitin Algorithm

A mathematically complex, dynamic lot-sizing technique that evaluates all possible ways of ordering to cover net requirements in each period of the planning horizon to arrive at the theoretically optimum ordering strategy for the entire net requirements schedule. Also see: Discrete Order Quantity, Dynamic Lot Sizing.

Permanent link Wagner-Whitin Algorithm - Creation date 2021-12-06


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