Lost-sales inventory models: Structure, sensitivity and bounds
Publication
, Journal Article
Zipkin, P
Published in: ICMSEM: Proceedings of 2007 International Conference on Management Science and Engineering Management
2007
We reinterpret the structural analysis of Karlin and Scarf and Morton of the standard lost-sales inventory system. This version of the results is, we think, easier to understand and to work with than the original. We also recover their bounds on the optimal policy and derive new ones. Then, we show that more variable demand leads to higher cost. Finally, we extend the analysis to several important variations of the basic model.
Duke Scholars
Published In
ICMSEM: Proceedings of 2007 International Conference on Management Science and Engineering Management
Publication Date
2007
Start / End Page
253 / 256
Citation
APA
Chicago
ICMJE
MLA
NLM
Zipkin, P. (2007). Lost-sales inventory models: Structure, sensitivity and bounds. ICMSEM: Proceedings of 2007 International Conference on Management Science and Engineering Management, 253–256.
Zipkin, P. “Lost-sales inventory models: Structure, sensitivity and bounds.” ICMSEM: Proceedings of 2007 International Conference on Management Science and Engineering Management, 2007, 253–56.
Zipkin P. Lost-sales inventory models: Structure, sensitivity and bounds. ICMSEM: Proceedings of 2007 International Conference on Management Science and Engineering Management. 2007;253–6.
Zipkin, P. “Lost-sales inventory models: Structure, sensitivity and bounds.” ICMSEM: Proceedings of 2007 International Conference on Management Science and Engineering Management, 2007, pp. 253–56.
Zipkin P. Lost-sales inventory models: Structure, sensitivity and bounds. ICMSEM: Proceedings of 2007 International Conference on Management Science and Engineering Management. 2007;253–256.
Published In
ICMSEM: Proceedings of 2007 International Conference on Management Science and Engineering Management
Publication Date
2007
Start / End Page
253 / 256