A two-station stochastic inventory model with exact methods of computing optimal policies

✍ Scribed by Robert F. Love

• Publisher: John Wiley and Sons
• Year: 1967
• Tongue: English
• Weight: 958 KB
• Volume: 14
• Category: Article
• ISSN: 0894-069X
• DOI: 10.1002/nav.3800140206

✦ Synopsis

A method i s presented for calculating optimal inventory levels in a two-station transactions reporting inventory system. The c r i t e r i o n of optimality i s the minimization of expected cost. The computational properties of the model a r e s t r e s s e d and the solution method is precise.