Optimal Policy for a Multi-Product, Dynamic, Nonstationary Inventory Problem

1965 ◽  
Vol 12 (3) ◽  
pp. 206-222 ◽  
Author(s):  
Arthur F. Veinott
Keyword(s):  
Optimal Policy ◽  
Inventory Problem

An Inventory Problem with Segmented Deliveries

1977 ◽  
Vol 2 (3) ◽  
pp. 201-206
Author(s):  
Amarlal H. Kairo
Keyword(s):  
Optimal Policy ◽  
Finite Time ◽  
Time Horizon ◽  
Optimum Number ◽  
Inventory Problem ◽  
Finite Time Horizon

An inventory problem involving splitting of an order into a number of staggered deliveries for a finite time horizon and known demand is described in this paper. Based on the optimal policy curve, a procedure for determining the optimum number of segmented deliveries for items ordered jointly is provided when there are constraints on inventory carrying cost or the total number of segmented deliveries.

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