We found a match
Your institution may have rights to this item. Sign in to continue.
- Title
AN APPLICATION OF THE THEORY OF WEAK CONVERGENCE TO THE DYNAMIC PERISHABLE INVENTORY PROBLEM WITH DISCRETE DEMAND.
- Authors
Nahmias, Steven; Schmidt, Charles P.
- Abstract
This paper develops a technique for analyzing dynamic inventory problems with discrete demand using the theory of weak convergence. We treat the dynamic fixed life perishable inventory problem with discrete demand. The optimal structure has been established assuming continuous demand. We construct an infinite sequence of continuous demand distributions that converge weakly to a discrete distribution, and show that the key results carry over in the limit.
- Subjects
INVENTORIES; ECONOMIC convergence; DISTRIBUTION (Probability theory)
- Publication
Mathematics of Operations Research, 1986, Vol 11, Issue 1, p62
- ISSN
0364-765X
- Publication type
Article
- DOI
10.1287/moor.11.1.62