Stochastic Inventory Models

  • Julien Bramel
  • David Simchi-Levi
Part of the Springer Series in Operations Research book series (ORFE)

Abstract

The inventory models considered so far are all deterministic in nature; demand is assumed to be known and either constant over the infinite horizon or varying over a finite horizon. In many logistics systems, however, such assumptions are not appropriate. Typically, demand is a random variable whose distribution may be known.

Keywords

Transportation Marketing 

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Copyright information

© Springer-Verlag New York, Inc. 1997

Authors and Affiliations

  • Julien Bramel
    • 1
  • David Simchi-Levi
    • 2
  1. 1.Management Science Division Graduate School of BusinessColumbia UniversityNew YorkUSA
  2. 2.Department of Industrial Engineering and Management SciencesNorthwestern UniversityEvanstonUSA

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