An optimal inventory solution for some specific demand distributions

Brian Gluss

Naval Research Logistics Quarterly, 1960, vol. 7, issue 1, 45-48

Abstract: A multistage inventory decision process is considered in which the penalty cost for failing have in stock sufficient items to satisfy demand at the next stage includes in stock. When the demand cost and a cost proportional to the deficiency stock. When the includes all Pearson distributions, a method is found for determining whether or not a constant stock level solution is optimal.

Date: 1960
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https://doi.org/10.1002/nav.3800070106

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Persistent link: https://EconPapers.repec.org/RePEc:wly:navlog:v:7:y:1960:i:1:p:45-48

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