Single-Period Stochastic Inventory Problems with Quadratic Costs.

Abstract

Single-period inventory problems such as the newspaper boy problem having quadratic cost functions for either or both shortages and overages are examined to determine the optimal order level under various principles of choice such as minimum expected cost, aspiration level, and minimax regret. Procedures for finding the optimum order levels are developed for both continuous and discrete demand patterns. (Author)

Document Details

Document Type
Technical Report
Publication Date
Mar 01, 1974
Accession Number
AD0776305

Entities

People

  • Moon Ho Song

Organizations

  • Naval Postgraduate School

Tags

DTIC Thesaurus Topics

  • Inventory
  • Newspapers

Readers

  • Adaptive Control and Estimation with Uncertainty in Dynamic Systems.
  • Logistics and Supply Chain Management.
  • Military History of the United States in the 20th Century.