Abstract
The authors presented mathematical models of the probabilistic inventory problems with piecewise cost functions and analyzed the economic ordering quantity in multi-period inventory problems under the assumption that the total cost function of single period follows some conditions. By virtue of its analysis we give some information for studying an approximation to the optimum quantity of the multistage problem. We want to find a range where the optimum policies exist by enforcing a cost function to be piecewise. For that sake we make some attempt to reconstruct a mathematical model of dynamic inventory problems.
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