Inventory Control in a Fluctuating Demand Environment

Jing-Sheng Song and Paul Zipkin
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Jing-Sheng Song: Columbia University, New York, New York
Paul Zipkin: Columbia University, New York, New York

Operations Research, 1993, vol. 41, issue 2, 351-370

Abstract: We present an inventory model, where the demand rate varies with an underlying state-of-the-world variable. This variable can represent economic fluctuations, or stages in the product life-cycle, for example. We derive some basic characteristics of optimal policies and develop algorithms for computing them. In addition, we show that certain monotonicity patterns in the problem data are reflected in the optimal policies.

Keywords: inventory/production:; fluctuating; demand; environment (search for similar items in EconPapers)
Date: 1993
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Citations: View citations in EconPapers (150)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:41:y:1993:i:2:p:351-370

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