Accession Number:

AD0776305

Title:

Single-Period Stochastic Inventory Problems with Quadratic Costs.

Descriptive Note:

Master's thesis,

Corporate Author:

NAVAL POSTGRADUATE SCHOOL MONTEREY CALIF

Personal Author(s):

• Song,Moon Ho

Report Date:

1974-03-01

Pagination or Media Count:

35.0

Abstract:

Single-period inventory problems such as the newspaper boy problem having quadratic cost functions for either or both shortages and overages are examined to determine the optimal order level under various principles of choice such as minimum expected cost, aspiration level, and minimax regret. Procedures for finding the optimum order levels are developed for both continuous and discrete demand patterns. Author

Descriptors:

• *Inventory control
• *Stochastic processes
• Decision making
• Probability density functions
• Costs
• Optimization
• Theses

Subject Categories:

• Administration and Management
• Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE