Abstract
A dynamic inventory model with random demands is considered. Purchase costs and convex holding and shortage costs are assumed. The planning horizon is divided in intervals of the same length, and the cumulative stock on order is bounded by a constant R in every of these intervals. It is shown that a modification of an (S S) policy is optimal by these assumptions.
Full Text 
Sign-in/Register to access full text options
Sign-in/Register to access full text options 
Paper version not known
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Mathematische Operationsforschung und Statistik. Series Optimization
Paper Title
Journal
Date
