Optimal inventory policies for imperfect inventory with price dependent stochastic demand and partially backlogged shortages
نویسندگان
چکیده
منابع مشابه
Optimal Inventory Policies when Purchase Price and Demand Are Stochastic
In this paper we consider the problem of a firm that faces a stochastic (Poisson) demand and must replenish from a market in which prices fluctuate, such as a commodity market. We describe the price evolution as a continuous stochastic process and we focus on commonly used processes suggested by the financial literature, such as the geometric Brownian motion and the Ornstein-Uhlenbeck process. ...
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ژورنال
عنوان ژورنال: YUJOR
سال: 2012
ISSN: 0354-0243,1820-743X
DOI: 10.2298/yjor101011007b