Wang, Daqin; Tang, Ou - In: International Journal of Production Economics 149 (2014) C, pp. 56-67
with the classic rationing models. A dynamic rationing policy is studied in this paper by considering the dynamics of … demand priorities. A Markov decision model is developed to obtain the optimal dynamic rationing levels for multiple demand … of all demand classes finally decline to zero to reduce the inventory holding cost. The application of dynamic rationing …