IDEAS home Printed from https://ideas.repec.org/a/inm/ormnsc/v17y1971i7p498-499.html
   My bibliography  Save this article

Inventory Models with Forecasting and Dependent Demand

Author

Listed:
  • George F. Brown, Jr.

    (Center for Naval Analyses, 1401 Wilson Boulevard, Arlington, Virginia 22209)

  • Richmond M. Lloyd

    (Center for Naval Analyses, 1401 Wilson Boulevard, Arlington, Virginia 22209)

  • Timothy M. Corcoran

    (Stanford University, Stanford, California 94305)

Abstract

In general, the single-product inventory model in which demands in successive periods are not independent is difficult to treat. This paper defines a large class of such problems, when there is a positive lead time for delivery, which can be treated by the classical formulation with a single state variable. All results which hold for inventory models with a constant delivery lag can be shown to hold also for this model. An application is made to a system in which demands are generated by part failure and in which a portion of these failures are repaired after a given (constant or probabilistic) time.

Suggested Citation

  • George F. Brown, Jr. & Richmond M. Lloyd & Timothy M. Corcoran, 1971. "Inventory Models with Forecasting and Dependent Demand," Management Science, INFORMS, vol. 17(7), pages 498-499, March.
    • Handle: RePEc:inm:ormnsc:v:17:y:1971:i:7:p:498-499
    DOI: 10.1287/mnsc.17.7.498
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.1287/mnsc.17.7.498
    Download Restriction: no
    File URL: https://libkey.io/10.1287/mnsc.17.7.498?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Du, Bisheng & Larsen, Christian, 2017. "Reservation policies of advance orders in the presence of multiple demand classes," European Journal of Operational Research, Elsevier, vol. 256(2), pages 430-438.
    2. Guillermo Gallego & Özalp Özer, 2001. "Integrating Replenishment Decisions with Advance Demand Information," Management Science, INFORMS, vol. 47(10), pages 1344-1360, October.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:inm:ormnsc:v:17:y:1971:i:7:p:498-499. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Asher (email available below). General contact details of provider: https://edirc.repec.org/data/inforea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.