Stochastic Single Period Models

  • Dieter Bartmann
  • Martin J. Beckmann
Part of the Lecture Notes in Economics and Mathematical Systems book series (LNE, volume 388)

Abstract

The inventory models we have discussed to this point have been characterized by continuous stock monitoring. An order may be placed at any point in time. In contrast to these are the periodic models. Stock inspection and/or orders are possible only at discrete points in time, i.e., at the beginning of a period. If nothing is explicitly specified, all periods are taken to be of the same length.

Keywords

Entropy 

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Copyright information

© Springer-Verlag Berlin Heidelberg 1992

Authors and Affiliations

  • Dieter Bartmann
    • 1
  • Martin J. Beckmann
    • 2
  1. 1.Institute of Information ManagementUniversity of St. Gallen for Business, Administration, Economics, Law and Social SciencesSt. GallenSwitzerland
  2. 2.Institute of Applied Mathematics and StatisticsTechnical University of MunichMünchen 2Germany

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