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...

Full description

Saved in:
Bibliographic Details
Main Authors: SONG, Yuyue, LAU, Hoong Chuin
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2004
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
Tags: Add Tag
No Tags, Be the first to tag this record!
Institution: Singapore Management University
Language: English
Be the first to leave a comment!
You must be logged in first