The Status of Mathematical Inventory Theory

Arthur F. Veinott

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Abstract

This paper surveys the current status of mathematical inventory theory. The review is limited to studies which seek optimal policies for dynamic inventory models. Models with certain and uncertain demands are discussed. Particular attention is focused on multi-item and/or multi-echelon inventory systems.

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References

1964Analysis of Inventory Systems.2004Dynamic Version of the Economic Lot Size Model 2004Optimal Policies for a Multi-Echelon Inventory Problem 1951Optimal Inventory Policy 2005The Optimality of (S,s) Policies in the Dynamic Inventory Problem 1960Studies in the Mathematical Theory of Inventory and Production 1958Production planning and inventory control 1959Bayes Solutions of the Statistical Inventory Problem

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