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- W2158157840 abstract "For simple inventory models with linear costs and stochastic demands, the technique of incremental analysis is applied to the problem of determining both the optimum number of units to stock and the associated expected profit. The cases where there are shortage costs and where reordering is possible are covered. Sensitivity analysis of optimum solutions is shown to be useful and straightforward. Problems involving cost minimization, rather than profit maximization, are discussed. The emphasis is on discrete probability distributions of demand, but the extensions to continuous probability distributions are clearly indicated." @default.
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- W2158157840 date "1971-07-01" @default.
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- W2158157840 title "INCREMENTAL (MARGINAL) ANALYSIS OF BASIC INVENTORY MODELS" @default.
- W2158157840 doi "https://doi.org/10.1111/j.1540-5915.1971.tb01467.x" @default.
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