The Single Period Inventory Model: Origins, Solutions, Variations, and Applications.

Abstract

The classic newspaper boy or single period inventory problem is reviewed, and its origins and development during the past 30 years are traced. The review reveals several variations for the classic problem, both in cost structure and in the decision principles involved. The critical role of costs and demand functions to solutions is examined. A large variety of potential applications for this model is summarized from the literature. Also, optimal solutions are derived for the constant surplus cost case and the exponential cost case. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Sep 01, 1977
Accession Number
ADA047140

Entities

People

  • Junichi Masuda

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Biomedical
  • C4I
  • Ground and Sea Platforms
  • Human Systems
  • Materials and Manufacturing Processes
  • Weapons Technologies

DTIC Thesaurus Topics

  • California
  • Distribution Functions
  • Generators
  • Health Care
  • Inventory
  • Inventory Control
  • Literature
  • Military Applications
  • New York
  • Newspapers
  • Operations Research
  • Probability
  • Probability Distributions
  • Random Variables
  • Schools
  • Spare Parts
  • Uncertainty

Readers

  • Operations Research
  • Systems Analysis and Design