search query: @author Zipkin, P. / total: 18
reference: 11 / 18
| Author: | Zipkin, P. |
| Title: | Critical number policies for inventory models with periodic data. |
| Journal: | Management Science
1989 : JAN, VOL. 35:1, p. 71-80 |
| Index terms: | INVENTORY CONTROL |
| Language: | eng |
| Abstract: | Considered is an infinite-horizon inventory problem with stochastic demands where the data vary periodically. Karlin shows that a periodic critical number policy is optimal and presents an algorithm for computing the critical numbers, assuming discounted costs. Developed is an alternative, conceptually simpler approach to these problems. The results include a proof of the optimality of such policies for the average-cost case, and a qualitative description of the behaviour of the optimal policy. |
SCIMA