Communications to the Editor--A Correction for "Optimal Policy for a Multiproduct Dynamic, Nonstationary Inventory Problem"

Anonymous

Management Science, 1970, vol. 16, issue 7, 518-518

Abstract: I am indebted to Lowell Bruce Anderson of Nothwestern University for pointing out to me that Theorems 6.1 and 6.2 in my paper "Optimal Policy for a Multiproduct Dynamic, Nonstationary Inventory Problem," (Management Science, Vol. 12, No. 3 (November 1965), pp. 206-222) are false as stated. The theorems become true if we replace the weak hypothesis (6.1) with the stronger hypothesis (6.3).

Date: 1970
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