The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
Dynamic Inventory Policy with Varying Stochastic Demands
Abstract
A dynamic inventory model is formulated in which the demand distributions may change from period to period. The optimal policy at each stage is characterized by a single critical number which also could vary in successive periods. The dependence of the critical numbers as a function of stochastic ordering amongst distributions is developed under various conditions. Most of the studies are conducted under the assumption of linear purchasing cost. In §3 the possibility of convex purchasing cost is allowed.
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Cites
Bellman, R. E. (2010) · doi:10.1515/9781400835386 · Cited by 14,588
Cited by
Minimizing a Submodular Function on a Lattice
Topkis, D. M. (1978) · Operations Research · doi:10.1287/opre.26.2.305 · Cited by 1,315
Clearance Pricing and Inventory Policies for Retail Chains
Smith, S. A., & Achabal, D. D. (1998) · Management Science · doi:10.1287/mnsc.44.3.285 · Cited by 214
Clearance pricing in retail chains
Smith, S. A. (2008) · International Series in Operations Research & Management Science · doi:10.1007/978-0-387-78902-6_11 · Cited by 8
Metadata
- Authors
- Karlin, S.
- Venue
- Management Science
- Published
- 1960-04
- Volume
- 6
- Issue
- 3
- Pages
- 231-258
- ISSN
- 0025-1909 (ISSN-L)
- 1526-5501
- OpenAlex
- W2141054642
- Cited by
- 302
- References
- 1
- FWCI
- 2.56
- Type
- journal article
- Language
- en
- Open access
- closed
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- Karlin, S. (1960). Dynamic Inventory Policy with Varying Stochastic Demands. Management Science. https://doi.org/10.1287/mnsc.6.3.231
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.