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An optimal ordering policy for situations with uncertainty in supply

โœ Scribed by Sujit K. Basu


Publisher
John Wiley and Sons
Year
1987
Tongue
English
Weight
353 KB
Volume
34
Category
Article
ISSN
0894-069X

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Ordering policies for an inventory syste
โœ Victoria L. Zhang ๐Ÿ“‚ Article ๐Ÿ“… 1996 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 1019 KB

This article explores ordering policies for inventory systems with three supply modes. This model is particularly interesting because the optimal ordering decision needs to balance the inventory and purchase costs, as well as the costs for earlier and later periods. The latter cost trade-off is pres