Fisher, Marshall; Rajaram, Kumar; Raman, Ananth - In: Manufacturing & Service Operations Management 3 (2001) 3, pp. 230-241
We consider the problem of determining (for a short lifecycle) retail product initial and replenishment order quantities that minimize the cost of lost sales, back orders, and obsolete inventory. We model this problem as a two-stage stochastic dynamic program, propose a heuristic, establish...