Technical Note—Comparison between Two Dynamic Perishable Inventory Models

Steven Nahmias
Additional contact information
Steven Nahmias: University of Pittsburgh, Pittsburgh, Pennsylvania

Operations Research, 1977, vol. 25, issue 1, 168-172

Abstract: Two apparently different inventory models for describing optimal ordering policies for a fixed life commodity have been developed by Fries and Nahmias. This note considers the relationship between these models. Our main result is that the optimal policies for Fries' model and a discounted version of Nahmias' are identical when the remaining number of periods in the horizon exceeds the product lifetime in periods. We also discuss the relevance of these results to the computation of an approximate critical number policy developed elsewhere.

Date: 1977
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://dx.doi.org/10.1287/opre.25.1.168 (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:oropre:v:25:y:1977:i:1:p:168-172

Access Statistics for this article

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