This paper addresses the allocation planning of the storage location in a warehouse system that the dedicated storage method is used. In the discrete finite time period model, the demands for storage location of products are dynamic for time periods. The planning is to determine the reallocation time period and the storage location of the products in reallocation time period, which minimizes costs. The cost factors are the reallocation cost, the travel cost within warehouse and the surplus storage location cost. A model is formulated, and the property of optimal solution is characterized. The dynamic programming algorithm is developed, and a numerical example is shown.