A POLARIS LOGISTICS MODEL,

Abstract

This paper presents a basic loss minimization model which has been applied in varying contexts for Polaris logistics problems. Definitive results are obtained in a general framework which extends the classic newsboy problem in two principal directions. First, probability distributions for demand are unrestricted. Second, a general framework for 'penalties' or 'premiums' is introduced to permit formulation of possibly non-convex loss functions. The main result is a constructive existence theorem for minimum values of these general expected loss functions. (Author)

Document Details

Document Type
Technical Report
Publication Date
Aug 26, 1963
Accession Number
AD0416391

Entities

People

  • Henry Solomon
  • Joseph Fennell
  • Sheldon E. Haber
  • W. H. Marlow

Organizations

  • George Washington University

Tags

DTIC Thesaurus Topics

  • Logistics
  • Probability
  • Probability Distributions

Fields of Study

  • Mathematics

Readers

  • Computational Modeling and Simulation
  • Logistics and Supply Chain Management.
  • Operations Research

Technology Areas

  • AI & ML
  • AI & ML - Machine Learning Algorithms