A periodic-review inventory model with application to the continuous-review obsolescence problem
In this paper we consider a stochastic-demand periodic-review inventory model with sudden obsolescence. We characterize the structure of the optimal policy and propose a dynamic programming algorithm for computing its parameters. We then utilize this algorithm to approximate the solution to the cont...
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| Main Authors: | , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2004
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/sis_research/64 https://ink.library.smu.edu.sg/context/sis_research/article/1063/viewcontent/ObsolescenceEJOR.pdf |
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| Institution: | Singapore Management University |
| Language: | English |