An Inventory Model for Special Handling of Extreme Value Demands

Abstract

We develop a stationary, discrete-time inventory model with a point Tau, such that any demands that exceed the value of Tau are not filled from existing stock. We show under what conditions it is economically advantageous to use this model and provide some numerical results. We then show how to find the optimal value for Tau. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Dec 01, 1981
Accession Number
ADA109295

Entities

People

  • Douglas J. Blazer
  • Marilyn K. Mcclelland

Organizations

  • University of North Carolina at Chapel Hill

Tags

Communities of Interest

  • Energy and Power Technologies

DTIC Thesaurus Topics

  • Business Administration
  • Commerce
  • Computer Programs
  • Cost Models
  • Costs
  • Curriculum
  • Information Science
  • Inventory
  • Inventory Control
  • Military Research
  • North Carolina
  • Operations Research
  • Probability
  • Probability Distributions
  • Schools
  • Systems Analysis
  • Universities

Readers

  • Analytical Mechanics
  • Control Systems Engineering.
  • Logistics and Supply Chain Management.