A Simple Style Goods Inventory Model

A Style Goods Inventory Model is presented as a dynamic inventory problem with unknown demand. Assumptions are introduced which allow the model to be solved as a dynamic programming problem with one state variable instead of two. Application of the model is made through the development of a particular empirical demand estimating process. Further, the model is defined such that the results can be applied to a class of items with dissimilar costs and demand levels.

• 저널Management Science · 19(12) · 1452–1458
• 토픽Supply Chain and Inventory Management · Management Information Systems
• DOI10.1287/mnsc.19.12.1452
• 저자Philip H. Hartung