Article ID: | iaor1989109 |
Country: | United Kingdom |
Volume: | 9 |
Start Page Number: | 77 |
End Page Number: | 81 |
Publication Date: | Aug 1989 |
Journal: | International Journal of Operations & Production Management |
Authors: | Dagpunar J.S. |
Keywords: | financial |
This paper shows how to obtain an optimal inventory management policy, subject to an investment constraint, when different items are ordered from the same supplier. It is shown that the optimal policy for this constrained problem may be obtained directly from the solution to the equivalent unconstrained problem.