Article ID Journal Published Year Pages File Type
1142561 Operations Research Letters 2010 9 Pages PDF
Abstract

We revisit the classical inventory model for which (s,S)(s,S) policies are optimal. We consider the finite and infinite horizon versions of the lost sales problem. New structural properties are developed for the optimal policy and cost function. These properties are then used to develop computational schemes for the lost sales problem with Erlang demands.

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Related Topics
Physical Sciences and Engineering Mathematics Discrete Mathematics and Combinatorics
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New structural properties of (s,S)(s,S) policies for inventory models with lost sales
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