Exact accounting of inventory costs in stochastic periodic-review models
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- 作者：Tal Avinadava ; tal.avinadav@biu.ac.il" class="auth_mail" title="E-mail the corresponding author ; Mordecai I. Henigb
- 关键词：Inventory ; Stochastic ; Periodic review ; Accounting
- 刊名：International Journal of Production Economics
- 出版年：2015
- 出版时间：November 2015
- 年：2015
- 卷：169
- 期：Complete
- 页码：89-98
- 全文大小：741 K
文摘
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Raising the necessity for a discrete-time accounting of inventory costs as an exact scheme.
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Formulating and analyzing the expected profit per cycle under the discrete-time accounting.
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Producing the optimality equation in the format of a standard newsvendor formula.
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Extending to partial backlogging/spoilage, variation of prices and postponed payments.
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Proposing an improved approximation and comparing its performance with the standard one.