End-of-period vs. continuous accounting of inventory-related costs

Operations Research

Volumn 57, Issue 6, 2009, Pages 1360-1366

  Rudi, Nils ^a   Groenevelt, Harry ^b   Randall, Taylor R ^c  

^a INSEAD   (France)

^b UNIVERSITY OF ROCHESTER   (United States)

^c UNIVERSITY OF UTAH   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

BASE STOCK; CONTINUOUS TIME; COST PARAMETERS; EXTREME VALUE; INVENTORY COSTS; SIMPLE MODEL;

COSTS;

COST ACCOUNTING;

EID: 73549125598     PISSN: 0030364X     EISSN: 15265463     Source Type: Journal    
DOI: 10.1287/opre.1090.0752     Document Type: Article

References (6)

1. Arrow, K. J., T. Harris, J. Marschak. 1951. Optimal inventory policy. Econometrica 19 250-272.
2. Bellman, R. E., I. Glicksberg, O. Gross. 1955. On the optimal inventory equation. Management Sci. 2 83-104.
3. Groenevelt, H., N. Rudi. 2002. A base stock inventory model with possibility of rushing part of order (unabridged version). Working paper, University of Rochester, Rochester, NY.
4. Hadley, G., T. M. Whitin. 1963. Analysis of Inventory Systems. Prentice-Hall, Englewood Cliffs, NJ.
5. Nahmias, S. 1997. Production and Operations Management, 3rd ed. Irwin, Chicago.
6. Rao, U. 2003. Properties of the periodic review (R,T) inventory policy for stationary, stochastic demand. Manufacturing Service Oper. Management 5 37-53.