Optimal ordering policies when anticipating a disruption in supply or demand

Optimal ordering policies when anticipating a disruption in supply or demand

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Article ID: iaor1996410
Country: Netherlands
Volume: 59
Issue: 3
Start Page Number: 370
End Page Number: 382
Publication Date: Jun 1992
Journal: European Journal of Operational Research
Authors: ,
Abstract:

The authors develop an optimal inventory policy for EOQ inventory systems which may have a disruption in either supply or demand. The start of the disruption is known a priori and it lasts a random length of time. The authors describe the structure of an optimal policy and present a procedure for its computation, along with numerical results.

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