We consider periodic review inventory control problems with both fixed order cost and uniform random yield.
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A lower-and-upper bound structure for the optimal policy at the beginning of any period is provided.
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A monotone property about the optimal order quantity in the initial stock level in any period is also provided.
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A sufficient condition is also provided such that the threshold policy is optimal in each period.
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A few interesting phenomena about the behavior of an optimal policy have been illustrated in the paper.
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