Partially controlled demand and inventory control: An additive model

Yves Balcer

Naval Research Logistics Quarterly, 1980, vol. 27, issue 2, 273-288

Abstract: The primary goal of this paper is to establish properties of the inventory and advertising policy minimizing the expected discounted cost over a finite horizon in a dynamic nonstationary inventory model with random demand which is influenced by the level of goodwill. Under linearization of the cost associated with the maximum inventory and the advertising effect on demand, the model is shown to be equivalent to an inventory model with disposal. Many results of this paper are extended to cover convex ordering cost of inventory and time lag in delivery of stocks.

Date: 1980
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://doi.org/10.1002/nav.3800270211

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:wly:navlog:v:27:y:1980:i:2:p:273-288

Access Statistics for this article

More articles in Naval Research Logistics Quarterly from John Wiley & Sons
Bibliographic data for series maintained by Wiley Content Delivery ().