Inventory Control in a Fluctuating Demand Environment

Abstract

We present an inventory model, where the demand rate varies with an underlying state-of-the-world variable. This variable can represent economic fluctuations, or stages in the product life-cycle, for example. We derive some basic characteristics of optimal policies and develop algorithms for computing them. In addition, we show that certain monotonicity patterns in the problem data are reflected in the optimal policies.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 373 citations exist upstream.

Papers that cite the same references — the relational fallback while embeddings are still backfilling.