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Deterministic solution and stochastic simulation of a simple production-inventory model

โœ Scribed by F. Rosenkranz

Publisher
Springer
Year
1973
Tongue
English
Weight
564 KB
Volume
17
Category
Article
ISSN
0340-9422

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Inventory is one of the most expensive and significant assets for many enterprises. When we face stochastic inventory models, we find that there is no analytical solution to most of them due to the enormous complexity of the expressions that represent the total cost. We present in this paper an alte