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We consider a dynamic inventory (production) model with general convex order (production) costs and excess demand that can be accepted or refused by the firm. Excess demand that is accepted is backlogged and results in a backlog cost whereas demand that is refused results in a lost sales charge....
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We consider a dynamic inventory (production) model with general order (production) costs and excess demand that can be backordered or refused by the firm. A unit backordered incurs a backorder cost, a unit refused incurs a lost sales charge. Endogenizing the sales decision is necessary in the...
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This paper demonstrates that a class of two-person games with ratio payoff functions can be solved using equivalent primal-dual linear programming formulations. The game's solution contains specialized information which may be used to conduct the efficiency evaluation currently done by the CCR...
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