Inventory control in a fluctuating demand environment

Published

Journal Article

We present an inventory model, where the demand rate varies with an underlying state-of-the-world variable. This variable can represent economic fluctuations, or stages in the product life-cycle, for example. We derive some basic characteristics of optimal policies and develop algorithms for computing them. In addition, we show that certain monotonicity patterns in the problem data are reflected in the optimal policies.

Full Text

Duke Authors

Cited Authors

  • Song, JS; Zipkin, P

Published Date

  • January 1, 1993

Published In

Volume / Issue

  • 41 / 2

Start / End Page

  • 351 - 370

International Standard Serial Number (ISSN)

  • 0030-364X

Digital Object Identifier (DOI)

  • 10.1287/opre.41.2.351

Citation Source

  • Scopus