On the Structure of Lost-Sales Inventory Models

Paul Zipkin ()
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Paul Zipkin: Fuqua School of Business, Duke University, Durham, North Carolina 27708

Operations Research, 2008, vol. 56, issue 4, 937-944

Abstract: We provide a new approach to the structural analysis of the standard lost-sales inventory system. This approach is, we think, easier to work with than the original one. We also derive new bounds on the optimal policy. Then, we show that more variable demand leads to higher cost. Finally, we extend the analysis to several important variations of the basic model.

Keywords: inventory; lost sales; discrete convexity (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (58)

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Persistent link: https://EconPapers.repec.org/RePEc:inm:oropre:v:56:y:2008:i:4:p:937-944

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