On the structure of lost-sales inventory models

Journal Article

We provide a new approach to the structural analysis of the standard lost-sales inventory system. This approach is, we think, easier to work with than the original one. We also derive new bounds on the optimal policy. Then, we show that more variable demand leads to higher cost. Finally, we extend the analysis to several important variations of the basic model. © 2008 INFORMS.

Full Text

Duke Authors

Cited Authors

  • Zipkin, P

Published Date

  • 2008

Published In

Volume / Issue

  • 56 / 4

Start / End Page

  • 937 - 944

International Standard Serial Number (ISSN)

  • 0030-364X

Digital Object Identifier (DOI)

  • 10.1287/opre.1070.0482