Abstract
This paper deals with planning production of a single good over a prescribed finite interval of time. The costs considered within the problem are production and holding costs; holding costs are incurred for negative inventory (caused by backlogged sales) and positive inventory (caused by production in excess of demand). The demand for the product is treated as a stochastic process.
| Original language | English |
|---|---|
| Pages (from-to) | 771-787 |
| Number of pages | 17 |
| Journal | Operations Research |
| Volume | 22 |
| Issue number | 4 |
| DOIs | |
| State | Published - 1974 |