An Analytic Solution of the Warehouse Problem

In a recent paper, [Bellman, Richard. 1956. On the theory of dynamic programming—a warehousing problem. Management Sci. 2 (3, April) 272.], Bellman uses dynamic programming to establish a computational algorithm for the solution of the “warehouse” problem. The present paper also employs the dynamic-programming approach and shows that the structure of the solution can be determined analytically, with numerical results easily obtained via recursive formulas.

• 저널Management Science · 4(1) · 99–104
• 토픽Advanced Manufacturing and Logistics Optimization · Industrial and Manufacturing Engineering
• DOI10.1287/mnsc.4.1.99
• 저자Stuart E. Dreyfus