A Stochastic Inventory Model with Price Quotation

This thesis studies a single item periodic review inventory problem with stochastic demand, random price and quotation cost. It differs from the traditional inventory model in that at the beginning of each period, a decision is made whether to pay the quotation cost to get the price information. If...

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Bibliographic Details
Main Author: Liu, Jun
Other Authors: Lee, Chi-Guhn
Language:en_ca
Published: 2009
Subjects:
Online Access:http://hdl.handle.net/1807/17794