OPTIMAL POLICIES FOR THE INVENTORY PROGRAM WITH NEGOTIABLE LEADTIME
PLANNING RESEARCH CORP LOS ANGELES CA
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The dynamic inventory problem in which amounts of stock ordered at 2 unit prices are delivered at 2 later periods is discussed. It is demonstrated that under suitable cost conditions, the optimal policies are similar to those of the dynamic inventory problem with a delivery lag period. If we assume that ordering decisions are made in every other period, it is demonstrated that analogous results are obtainable for the case in which amounts of stock ordered at 3 unit prices are delivered, in 3 separate periods later.
- Logistics, Military Facilities and Supplies