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A New Look at Brown’s Dynamic Inventory System

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  • William G. Howe

    (Knolls Atomic Power Laboratory, General Electric Company, Schenectady, New York)

Abstract

Robert G. Brown's Statistical Forecasting for Inventory Control sketched out a dynamic inventory-control system with random demand and random lead time. For some reason, the system has had neither wide use nor further scrutiny. To rectify the situation, this paper puts both a more mathematical and a more meaningful basis under the system, and then discusses its actual operation and some possible extensions.

Suggested Citation

  • William G. Howe, 1974. "A New Look at Brown’s Dynamic Inventory System," Operations Research, INFORMS, vol. 22(4), pages 848-857, August.
    • Handle: RePEc:inm:oropre:v:22:y:1974:i:4:p:848-857
    DOI: 10.1287/opre.22.4.848
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