Dynamic version of the economic lot size model

Management Science

Volumn 50, Issue 12 SUPPL., 2004, Pages 1770-1777

  Wagner, Harvey M ^a,c   Whitin, Thomson M ^b  

^a STANFORD UNIVERSITY   (United States)

^b MASSACHUSETTS INSTITUTE OF TECHNOLOGY   (United States)

^c UNIVERSITY OF NORTH CAROLINA   (United States)

Author keywords

Dynamic programming; EOQ; Inventory replenishment; Planning horizon

Indexed keywords

ECONOMIC LOT SIZE MODEL; INVENTORY MANAGEMENT; OPTIMAL POLICIES;

ALGORITHMS; COSTS; INDUSTRIAL ECONOMICS; MATHEMATICAL MODELS; OPTIMIZATION; PROBLEM SOLVING; SENSITIVITY ANALYSIS; SET THEORY;

INVENTORY CONTROL;

EID: 11844291987     PISSN: 00251909     EISSN: None     Source Type: Journal    
DOI: 10.1287/mnsc.1040.0262     Document Type: Review

References (7)

1. Arrow, K. J., S. M. Johnson. 1957. A feasibility algorithm for one-way substitution in process analysis, RAND Corporation RM-1976 (September).
2. Bellman, Richard. 1957. Dynamic Programming. Princeton University Press, Princeton, NJ.
3. Dvoretsky, A., J. Kiefer, J. Wolfowitz. 1952. The inventory problem. Econometrica 20(2, 3) 187-222, 450-466.
4. Karlin, Samuel. 1955. The structure of dynamic programming models, Naval Res. Logist. Quart. 2(4) 285-294.
5. Modigliani, F., F. E. Hohn. 1956. Production planning over time and the nature of the expectation and planning horizon. Econometrica 23(1) 46-66.
6. Wagner, H. M., T. M. Whitin. 1958. Dynamic problems in the theory of the firm. Naval Res. Logist. Quart. 5(1) 53-74. (Also see Appendix 6 of Within 1957.)
7. Whitin, T. M. 1957. The Theory of Inventory Management, 2nd ed. Princeton University Press, Princeton, NJ.