INVENTORY MODEL WITH FINITE HORIZON AND PRICE CHANGES

被引:40
作者
LEV, B [1 ]
SOYSTER, AL [1 ]
机构
[1] VIRGINIA POLYTECH INST & STATE UNIV,BLACKSBURG,VA 24061
关键词
D O I
10.1057/jors.1979.5
中图分类号
C93 [管理学];
学科分类号
12 ; 1201 ; 1202 ; 120202 ;
摘要
An inventory model is developed for a finite horizon and price changes. The structure and form of the optimal policy is determined along with sensitivity analysis with respect to the length of the horizon. This is a prelude to considering an infinite horizon problem in which at some a priori known time the purchase price of the item will increase. In this paper appropriate ordering policies are determined with respect to known information about an ensuing price rise. © Operational Research Society Ltd.
引用
收藏
页码:43 / 53
页数:11
相关论文
共 15 条
[1]  
BASIL AK, 1971, OPS RES, V19, P1434
[2]  
Bellman R., 1955, MANAGE SCI, V2, P83, DOI [10.1287/mnsc.2.1.83, DOI 10.1287/MNSC.2.1.83]
[3]   ECONOMIC ORDER QUANTITIES WITH INFLATION [J].
BUZACOTT, JA .
OPERATIONAL RESEARCH QUARTERLY, 1975, 26 (03) :553-558
[4]  
Diegel, 1966, MANAGE SCI, V12, P530
[5]   STOCK CONTROL WITH RANDOM OPPORTUNITIES FOR REPLENISHMENT [J].
FRIEND, JK .
OPERATIONAL RESEARCH QUARTERLY, 1960, 11 (03) :130-136
[6]  
GOYAL SK, 1975, NEW ZEAL OPER RES, V3, P112
[7]   AN OPTIMAL FINAL INVENTORY MODEL [J].
HADLEY, G ;
WHITIN, TM .
MANAGEMENT SCIENCE, 1961, 7 (02) :179-183
[8]  
Harris F.W., 1915, FACTORY MANAGEMENT S, P48
[9]   INVENTORY CONTROL WITH A RANDOMLY AVAILABLE DISCOUNT PURCHASE PRICE [J].
HURTER, AP ;
KAMINSKY, FC .
OPERATIONAL RESEARCH QUARTERLY, 1968, 19 (04) :433-&
[10]  
HURTER AP, 1968, J IND ENGINEERING, V19, P380