An Investigation of Optimal Decision Rules for Several Single-Period Stochastic Inventory Problems.
Abstract
The single-period inventory model, known as the newsboy or Christmas tree problem, is extended for several cost expressions and optimal decision rules for these variations are derived. A two-echelon single-period inventory model is developed and optimal decision rules are found. Conclusions and suggested extensions for the newsboy problem and of the two-echelon inventory model are discussed. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 01, 1973
- Accession Number
- AD0769419
Entities
People
- Sirichoke Swasdikiat
Organizations
- Naval Postgraduate School