Management Science Vol. 9 No. 3 1963
A Study of Inventory Theory
Abstract
The paper is divided along the following lines. First, I illustrate the inventory models having Deterministic Demand and then consider the class of Probabilistic Demand Models. Within the latter class, I consider the single period steady state case, and then the N-period dynamic inventory model. For the N-period case, I then report results covering non-zero procurement lead time, demand rate varying each period, joint solution of the inventory-control-production scheduling decision, and a multi-echelon model. Finally, since in the previous consideration of probabilistic demand models, knowledge of the demand probability distribution and its parameters were assumed, I discuss a paper dealing with the use of Bayes estimates.
- DOI
- 10.1287/mnsc.9.3.490
- Volume
- 9
- Issue
- 3
- Pages
- 490-497
- Language
- en
- Sources
- bibtex:phds-export.bib openalex crossref