Quarterly of Applied Mathematics

Quarterly of Applied Mathematics

Online ISSN 1552-4485; Print ISSN 0033-569X

   
 
 

 

Dynamic programming approach to optimal inventory processes with delay in delivery


Author: Richard Bellman
Journal: Quart. Appl. Math. 18 (1961), 399-403
MSC: Primary 90.00
DOI: https://doi.org/10.1090/qam/118516
MathSciNet review: 118516
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Abstract | References | Similar Articles | Additional Information

Abstract: The usual dynamic programming approach to inventory processes with delays in delivery leads to functions of many variables. This multi-dimensionality prevents the straightforward utilization of digital computers.


References [Enhancements On Off] (What's this?)

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  • [8] T. M. Whitin, The theory of inventory management, Princeton University Press, Princeton, New Jersey, 1953
  • [9] H. Scarf, S. Karlin and K. J. Arrow, Studies in the mathematical theory of inventory and production, Stanford Univ. Press, 1958 MR 0094248

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Additional Information

DOI: https://doi.org/10.1090/qam/118516
Article copyright: © Copyright 1961 American Mathematical Society

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