Note--A Graphical Aid for Determining Optimal Inventories in a Unit Replenishment Inventory System

Edward A. Silver and Stephen A. Smith
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Edward A. Silver: University of Waterloo, Ontario
Stephen A. Smith: Xerox Palo Alto Research Center

Management Science, 1977, vol. 24, issue 3, 358-359

Abstract: This note provides the methodology to construct a set of indifference curves that permit the exact determination of the optimal inventory level in a system where items are restocked one at a time and unsatisfied demand is lost. An illustrative set of curves is shown.

Date: 1977
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:24:y:1977:i:3:p:358-359

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