OPTIMAL POLICIES FOR THE INVENTORY PROGRAM WITH NEGOTIABLE LEADTIME

Abstract

The dynamic inventory problem in which amounts of stock ordered at 2 unit prices are delivered at 2 later periods is discussed. It is demonstrated that under suitable cost conditions, the optimal policies are similar to those of the dynamic inventory problem with a delivery lag period. If we assume that ordering decisions are made in every other period, it is demonstrated that analogous results are obtainable for the case in which amounts of stock ordered at 3 unit prices are delivered, in 3 separate periods later.

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Document Details

Document Type
Technical Report
Publication Date
Oct 05, 1962
Accession Number
AD0408530

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People

  • Yoichiro Fukuda

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  • California
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  • Logistics and Supply Chain Management.
  • Mathematical Modeling and Probability Theory.
  • Theoretical Analysis.