Optimal inventory control policy subject to different selling prices of perishable commodities

International Journal of Production Economics

Volumn 60, Issue , 1999, Pages 389-394

  Adachi, Yasuo ^a   Nose, Toyokazu ^a   Kuriyama, Sennosuke ^b  

^a OSAKA INSTITUTE OF TECHNOLOGY   (Japan)

^b SETSUNAN UNIVERSITY   (Japan)

Author keywords

[No Author keywords available]

Indexed keywords

DECISION THEORY; MARKOV PROCESSES; RANDOM PROCESSES; SALES;

MARKOV DECISION PROCESS; OPTIMAL INVENTORY CONTROL; PERISHABLE INVENTORY CONTROL;

INVENTORY CONTROL;

EID: 0032662195     PISSN: 09255273     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0925-5273(98)00200-X     Document Type: Article

References (3)

1. B. Fries, Optimal ordering policies for perishable commodities with fixed lifetime, Operations Research 23 (1975) 46-61.
2. S. Nahmias, W. Pierskalla, Optimal ordering policies for a product that perishes in two periods subject to stochastic demand, Naval Research Logistics Quarterly 20 (1973) 207-229.
3. R.A. Howard, Dynamic Programing and Markov Processes, The MIT Press, Cambridge, MA, 1960.