| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1143287 | Operations Research Letters | 2007 | 9 Pages |
Abstract
We show that base-stock levels first increase and then decrease as the standard deviation increases for a variety of non-negative random variables with a given mean and provide a distribution-free upper bound for optimal base-stock levels that grows linearly with the standard deviation and then remains constant.
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Guillermo Gallego, Kaan Katircioglu, Bala Ramachandran,