An Analytic Solution of the Warehouse Problem

Stuart E. Dreyfus
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Stuart E. Dreyfus: The RAND Corporation

Management Science, 1957, vol. 4, issue 1, 99-104

Abstract: In a recent paper, [Bellman, Richard. 1956. On the theory of dynamic programming--a warehousing problem. Management Sci. 2 (3, April) 272.], Bellman uses dynamic programming to establish a computational algorithm for the solution of the "warehouse" problem. The present paper also employs the dynamic-programming approach and shows that the structure of the solution can be determined analytically, with numerical results easily obtained via recursive formulas.

Date: 1957
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