The single period inventory model : origins, solutions, variations, and applications.
Lindsay, Glenn F.
Arima, James K.
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The classic newspaper boy or single period inventory problem is reviewed, and its origins and development during the past 30 years are traced. The review reveals several variations for the classic problem, both in cost structure and in the decision principles involved. The critical role of costs and demand functions to solutions is examined. A large variety of potential applications for this model is summarized from the literature. Also, optimal solutions are derived for the constant surplus cost case and the exponential cost case.
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