| Article ID: | iaor199333 |
| Country: | United States |
| Volume: | 40 |
| Issue: | 3 |
| Start Page Number: | 603 |
| End Page Number: | 619 |
| Publication Date: | May 1992 |
| Journal: | Operations Research |
| Authors: | Sobel Matthew J., Bouakiz Mokrane |
| Keywords: | programming: dynamic |
A base-stock policy is shown to be optimal when a dynamic version of the ‘news vendor’ model is optimized with respect to an exponential utility criterion.