| Article ID: | iaor20012021 |
| Country: | United States |
| Volume: | 48 |
| Issue: | 1 |
| Start Page Number: | 181 |
| End Page Number: | 184 |
| Publication Date: | Jan 2000 |
| Journal: | Operations Research |
| Authors: | Fujiwara Okitsugu, Khang Do Ba |
| Keywords: | inventory: order policies, production |
This paper addresses a discrete time inventory model where the maximum amount of supply from which instantaneous replenishment orders can be made is a random variable. Optimal ordering policies are characterized as critical number policies with monotone increasing optimal critical values. A sufficient condition is then presented for myopic ordering policies to be optimal.