Article ID Journal Published Year Pages File Type
1142715 Operations Research Letters 2010 6 Pages PDF
Abstract

A periodic review inventory system serves two demand classes with different priorities. Unsatisfied demands in the high-priority class are lost, whereas those in the low-priority class are backlogged. We formulate the problem as a dynamic programming model and characterize the structure of the optimal replenishment policy.

Keywords
Related Topics
Physical Sciences and Engineering Mathematics Discrete Mathematics and Combinatorics
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A two-demand-class inventory system with lost-sales and backorders
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