Inventory systems with imperfect demand information

Richard C. Morey

Naval Research Logistics Quarterly, 1970, vol. 17, issue 3, 287-295

Abstract: An inventory system is described in which demand information may be incorrectly transmitted from the field to the stocking point. The stocking point employs a forwarding policy which attempts to send out to the field a quantity which, in general, is some function of the observed demand. The optimal ordering rules for the general n‐period problem and the steady state case are derived. In addition orderings of the actual reorder points as functions of the errors are presented, as well as some useful economic interpretations and numerical illustrations.

Date: 1970
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.1002/nav.3800170305

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:17:y:1970:i:3:p:287-295

Access Statistics for this article

More articles in Naval Research Logistics Quarterly from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().