A Comparison of the Optimal Costs of Two Canonical Inventory Systems

Published Online:https://doi.org/10.1287/opre.1070.0463

References

  • Bhargava H. K., Sun D., Xu S. H. Stockout compensation: Joint inventory and price optimization in electronic retailing. INFORMS J. Comput. (2006) 18(2):255–266LinkGoogle Scholar
  • DeCroix G. A., Arreola-Risa A. On offering economic incentives to backorder. IIE Trans. (1998) 30:715–721CrossrefGoogle Scholar
  • Heyman D. P., Sobel M. J.Stochastic Models in Operations Research (1984) II(McGraw-Hill, New York) Google Scholar
  • Huh W. T., Janakiraman G. A general approach for infinite horizon average cost inventory models using Schal's results. (2005) . Working paper, Stern School of Business, New York University, New YorkGoogle Scholar
  • Karlin S., Scarf H., Arrow K. J., Karlin S., Scarf H. Inventory models of the Arrow-Harris-Marschak type with time lag. Studies in the Mathematical Theory of Inventory and Production (1958) (Stanford University Press, Stanford, CA) 155–178Chapter 9Google Scholar
  • Levi R., Janakiraman G., Nagarajan M. A 2-approximation algorithm for stochastic inventory control models with lost-sales. Math. Oper. Res. (2007) . ForthcomingGoogle Scholar
  • Morton T. E. Bounds on the solution of the lagged optimal inventory equation with no demand backlogging and proportional costs. SIAM Rev. (1969) 11(4):572–596CrossrefGoogle Scholar
  • Schäl M. Average optimality in dynamic programming with general state space. Math. Oper. Res. (1993) 18(1):163–172LinkGoogle Scholar
  • Shaked M., Shanthikumar J. G.Stochastic Orders and Their Applications (1994) (Academic Press, San Diego, CA) Google Scholar
  • Veinott A. Optimal policy for a multi-product, dynamic, nonstationary inventory problem. Management Sci. (1965) 12(3):206–222LinkGoogle Scholar
  • Zipkin P. Old and new methods for lost-sales inventory systems. (2006a) . Working paper, Duke University, Durham, NCGoogle Scholar
  • Zipkin P. On the structure of lost-sales inventory models. (2006b) . Working paper, Duke University, Durham, NCGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.