Note--Comments on "Single Cycle Continuous Review Policies for Arborescent Production/Inventory Systems"

John A. Muckstadt and Howard M. Singer
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John A. Muckstadt: Cornell University
Howard M. Singer: Bell Telephone Laboratories, Holmdel, New Jersey

Management Science, 1978, vol. 24, issue 16, 1766-1768

Abstract: In the paper by Graves and Schwarz [Graves, Stephen C., Leroy B. Schwarz. 1977. Single cycle continuous review policies for arborescent production/inventory systems. Management Sci. 23 (5, January) 529-540.], we observed an error in their discussion of optimal policies for the one warehouse-m retailer system. Specifically, Theorem 1, which states that the optimal stationary policy is a single-cycle policy, is incorrect.

Keywords: inventory/production; inventory/production: deterministic models (search for similar items in EconPapers)
Date: 1978
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