search query: @author Song, J. / total: 9
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| Author: | Song, J. Zipkin, P. |
| Title: | Managing INVENTORIES with the prospect of obsolence |
| Journal: | Operations Research
1996 : JAN-FEB, VOL. 44:1, p. 215-222 |
| Index terms: | OPERATIONAL RESEARCH INVENTORIES MANAGEMENT |
| Language: | eng |
| Abstract: | How should INVENTORIES management respond when there is a possibility of imminent obsolence (or, more generally, deteriorating demand)? THe authors use an INVENTORIES-control model to address this question. The model incorporates a Markovian submodel to describe the uncertain events leading to obsolence. These events and their uncertainties come in a variety of patterns. The authors devote considerable attention to specifying the submodel, and they compare a few alternatives. They also compare optimal policies to simpler alternatives. |
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