A Dynamic Inventory Model with Periodic Auditing

DOI10.1287/OPRE.38.6.1089MaRDI QIDQ5202002zbMATH OpenOpenAlexFDO

Authors James Flynn, Stanley J. Garstka

Publication date 1990

Published in Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/opre.38.6.1089

zbMATH Keywords

stochastic demandsoptimal policiesproportional ordering costssingle-item, periodic review, stationary inventory

Mathematics Subject Classification ID

Computational methods for problems pertaining to operations research and mathematical programming (90-08) Inventory, storage, reservoirs (90B05)

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Cited in

(8)

• Cost accounting methods and periodic-review policies for serial inventory systems
• Optimal Timing of Account Audits in Internal Control
• Terminal inventory level constraints for online production scheduling
• Cyclic audit of a multichannel system
• Inventory performance under staggered deliveries and autocorrelated demand
• Analysis of supply contracts with quantity flexibility
• Periodic review and continuous ordering
• An effective heuristic for the review period in an inventory model with staggered deliveries and normal demands

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