Resource title

All-or-nothing ordering under a capacity constraint and forecasts of stationary demand

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Resource description

The authors consider a supplier who faces stationary demand and uses dynamically updated forecast information to place orders to an upstream distributor. The order size is restricted and each order entails a high fixed cost. They characterize the form of the optimal policy in the special case where the fixed cost of ordering is high enough to warrant all-or-nothing ordering in each period.

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Resource language

en

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application/pdf

Resource resource URL

http://flora.insead.edu/fichiersti_wp/inseadwp2001/2001-99.pdf

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Copyright INSEAD. All rights reserved