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Inventory models with a mixture of backorders and lost sales

✍ Scribed by Douglas C. Montgomery; M. S. Bazaraa; Ajit K. Keswani

Publisher: John Wiley and Sons
Year: 1973
Tongue: English
Weight: 417 KB
Volume: 20
Category: Article
ISSN: 0894-069X
DOI: 10.1002/nav.3800200205

No coin nor oath required. For personal study only.

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## Abstract Estimation of the linear quadratic model, the workhorse of the inventory literature, traditionally takes inventories and sales to be first‐difference stationary series, and the ratio of the two variables to be stationary. However, these assumptions do not always match the properties of