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- W4248811187 abstract "This paper considers a single-item, periodic-review inventory model with uncertain demands. In contrast to prior treatments of this problem we assume a finite production capacity per period. Assuming stationary data, a convex one-period cost function and a discrete demand distribution, we show (under a few additional unrestrictive assumptions) that a modified base-stock policy is optimal under the average-cost criterion; in addition, we characterize the optimal base-stock level." @default.
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- W4248811187 date "1986-05-01" @default.
- W4248811187 modified "2023-09-28" @default.
- W4248811187 title "An Inventory Model with Limited Production Capacity and Uncertain Demands I. The Average-Cost Criterion" @default.
- W4248811187 doi "https://doi.org/10.1287/moor.11.2.193" @default.
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