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Original Articles

Optimal Ordering Policies For A Perishable And Substitutable Product: A Markov Decision Model

Pages 182-195 | Received 01 Nov 1982, Published online: 25 May 2016

References

  • D,P, Bertsekas, Dynamic Programming and Stochastic Control, New York: Academic Press, 1976, 328–53
  • F.S, Hillier and G.J, Lieberman, Introduction to Operations Research, 3rd Edition, San Francisco, Holden–Day, 1980, 548–87
  • R. Howard, Dynamic Programming and Markov Processes, Cannbridge, MA: MIT Press, 1960, 26–43
  • A,R, McGillivray and E,A, Silver, “Some concepts for inventory control under substitutable demand,” INFOR, 16, 1978, 41–63
  • S. Nahmias and W.P. Pierskalla, “Optimal ordering policies for a prodtict that perishes in two periods subject to stochastic demand,” Nav. Res. Log. Quart. 20, 1978, 207–29
  • R. Peterson and E. A. Silver, Decision Systems for Inventory Management and Production Planning, New York: John Wiley, 1979, 391–416
  • D.T. Phillips, A. Ravindran, and J.J. Solberg, Operations Research: Principles and Practice, New York: John Wiley, 1976, 336–40
  • S.M. Ross, Applied Probability Models withOptimizaticm Applications,SanFrandsco: Holden Day, 1970, 143–4

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