search query: @author Parlar, M. / total: 7
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| Author: | Cetinkaya, S. Parlar, M. |
| Title: | Note: optimality conditions for an (s, S) policy with proportional and lump-sum penalty costs |
| Journal: | Management Science
2002 : DEC, VOL. 48:12, p. 1635-1639 |
| Index terms: | Convex programming Inventory control Stochastic processes |
| Language: | eng |
| Abstract: | The authors consider the optimality of the (s,S) policy for a periodic-review stochastic inventory problem with two types of shortage costs. The problem may arise in a rush-order application at a bank branch where the emergency provision costs during a foreign currency stockout are represented by proportional and lump-sum penalties. |
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