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Erratum to "A Minimax Ordering Policy for the Infinite Stage Dynamic Inventory Problem"

Ravi Jagannathan

Management Science, 1979, vol. 25, issue 3, 294-295

Abstract: In my recent paper "A Minimax Ordering Policy for the Infinite Stage Dynamic Inventory Problem," Management Sci., Vol. 24, No. 11 (July 1978), pp. 1138-1145, I noticed some errors in the proof of Theorem A.5 in the Appendix which made the proof somewhat incomplete. I have given below a correct version of the proof, mentioning only its main points.

Keywords: inventory/production: stochastic models; dynamic programming (search for similar items in EconPapers)
Date: 1979
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