TY - JOUR
T1 - Analytical comparative statistics for the continuous review inventory model
AU - Gerchak, Yigal
PY - 1990/7
Y1 - 1990/7
N2 - Analytical comparative statics for multivariate models with no closed-form solutions are rarely available. We perform such analysis for the continuous review inventory model. In particular, we derive the direction of change in the order point (safety stock) as shortage penalty, expected demand and holding costs are pertubed. We do so for both backlog and lost-sales models.
AB - Analytical comparative statics for multivariate models with no closed-form solutions are rarely available. We perform such analysis for the continuous review inventory model. In particular, we derive the direction of change in the order point (safety stock) as shortage penalty, expected demand and holding costs are pertubed. We do so for both backlog and lost-sales models.
KW - inventory-production
KW - ordering policies
UR - http://www.scopus.com/inward/record.url?scp=0025461863&partnerID=8YFLogxK
U2 - 10.1016/0167-6377(90)90064-C
DO - 10.1016/0167-6377(90)90064-C
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AN - SCOPUS:0025461863
SN - 0167-6377
VL - 9
SP - 215
EP - 217
JO - Operations Research Letters
JF - Operations Research Letters
IS - 4
ER -