Eppen, Gary D.; Gould, F. J.; Pashigian, B. Peter - In: Management Science 15 (1969) 5, pp. 268-277
This paper considers an N period production planning problem in which a sequence of known demands d<sub>1</sub>, d<sub>2</sub>,..., d<sub>N</sub> must be satisfied. The cost of production in period t consists of a setup cost K<sub>t</sub> plus a marginal cost per unit c<sub>t</sub>. The cost of carrying a unit of inventory into period t is h<sub>t - 1</sub>....
