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Optimality of Myopic Policies in Disposing Excess Inventory

โœ Scribed by Donald B. Rosenfield

Book ID
123687246
Publisher
INFORMS
Year
1992
Tongue
English
Weight
173 KB
Volume
40
Category
Article
ISSN
0030-364X

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We construct and analyze an EOQ-type model for a buyer who is just informed of a temporary sale. The buyer is assumed to have an option to place special orders and an option to dispose some of his on-hand inventory. The key feature differentiating our model from the extant literature on inventory mo