Optimal Inventory Depletion Policies

Earl E. Bomberger
Additional contact information
Earl E. Bomberger: The Budd Company, Philadelphia

Management Science, 1961, vol. 7, issue 3, 294-303

Abstract: Consider a stockpile of items whose field life is a non-negative function of the age of the item upon being issued. Assume that only one item is in use at a time and that a demand occurs only when the item in use is completely exhausted. Six theorems are given which extend the class of field life functions such that either LIFO or FIFO are optimal issue policies.

Date: 1961
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.7.3.294 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:7:y:1961:i:3:p:294-303

Access Statistics for this article

More articles in Management Science from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().