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work of Morton and Pentico (Morton, T., D. Pentico. 1995. The finite horizon nonstationary stochastic inventory problem …-myopic bounds and heuristics for the nonstationary stochastic leadtime problem with arbitrary sequences of demand distributions, and …
Persistent link: https://www.econbiz.de/10009191678
This paper derives the optimal simultaneous capacity and production plan for a shortlife-cycle, produce-to-stock good under stochastic demand. Capacity can be reduced as well as added, at exogenously set unit prices. In both cases studied, with and without carryover of unsold units, a target...
Persistent link: https://www.econbiz.de/10009204358
Nonstationary stochastic periodic review inventory problems with proportional costs occur in a number of industrial …
Persistent link: https://www.econbiz.de/10009208900
. Unlike the normal distribution, the more general class of skew-t distributions is a flexible parametric multivariate family …
Persistent link: https://www.econbiz.de/10009214597