Optimal inventory policies when purchase price and demand are stochastic

Operations Research

Volumn 59, Issue 1, 2011, Pages 109-124

  Berling, Peter ^a   Martínez de Albéniz, Victor ^b  

^a LUND UNIVERSITY   (Sweden)

^b IESE BUSINESS SCHOOL   (Spain)

Author keywords

Production inventory

Indexed keywords

BASE STOCK; BASE STOCK POLICY; CLOSED FORM SOLUTIONS; COMMODITY MARKETS; CONTINUOUS STOCHASTIC PROCESS; DECOMPOSITION APPROACH; GEOMETRIC BROWNIAN MOTION; INVENTORY POLICIES; NUMERICAL STUDIES; OPTIMAL POLICIES; ORNSTEIN-UHLENBECK; ORNSTEIN-UHLENBECK PROCESS; PRICE EVOLUTION; PRICE MODELS; PRODUCTION/INVENTORY; PURCHASE PRICE;

BROWNIAN MOVEMENT; INVENTORY CONTROL; OPTIMIZATION; SALES; STOCHASTIC SYSTEMS;

COSTS;

EID: 79952975172     PISSN: 0030364X     EISSN: 15265463     Source Type: Journal    
DOI: 10.1287/opre.1100.0862     Document Type: Article

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