An application of dynamic probabilistic inventory models with piecewise cost functions

An application of dynamic probabilistic inventory models with piecewise cost functions

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Article ID: iaor20041446
Country: India
Volume: 23
Issue: 3
Start Page Number: 523
End Page Number: 549
Publication Date: Sep 2002
Journal: Journal of Information & Optimization Sciences
Authors: ,
Abstract:

It is shown how to use a mathematical model of the probabilistic inventory problems with piecewise cost functions. An example is presented and various properties in this model are applied to this. We give some sufficient conditions which are able to deal with treatments on an optimal policy.

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