This paper concerns a multilocation newsboy problem with normal demand at each location and identical linear holding and penalty cost functions at each location. Consolidation of demand from several facilities is considered, and an expression is derived for the resulting expected holding and...

A production line is treated as a series arrangement of k work stations. An unlimited supply of raw production items is available at the first station, and each item passes through all of die stations in sequence. The service time for a single item at station j is assumed to be a random variable...

This paper considers the impact of tax liabilities on optimal inventory policy through the medium of FIFO and LIFO tax valuation schemes in a stochastic environment. The relationship between inventory policy and changes in either the rate of inflation or the corporate tax rate is investigated....