We present a stochastic version of the single-level, multi-product dynamic lotsizingproblem subject to a capacity constraint. A production schedule has tobe determined for random demand so that expected costs are minimized and aconstraint based on a new backlog-oriented Sigma-service-level...

We propose an ob jective for the firm in a general model of production economies extending overtime under uncertainty and with incomplete markets. Trading in commodities and shares of stockoccurs sequentially on spot markets at all date-events. We derive the objective of the firm from...