Bijvank, Marco; Bhulai, Sandjai; Tim Huh, Woonghee - In: European Journal of Operational Research 241 (2015) 2, pp. 381-390
In this paper we consider a single-item inventory system with lost sales and fixed order cost. We numerically illustrate the lack of a clear structure in optimal replenishment policies for such systems. However, policies with a simple structure are preferred in practical settings. Examples of...