Erratum to “A Minimax Ordering Policy for the Infinite Stage Dynamic Inventory Problem”
Management Science · 1979 · Volume 25 · Issue 3
Abstract
In my recent paper “A Minimax Ordering Policy for the Infinite Stage Dynamic Inventory Problem,” Management Sci. , Vol. 24, No. 11 (July 1978), pp. 1138–1145, I noticed some errors in the proof of Theorem A.5 in the Appendix which made the proof somewhat incomplete. I have given below a correct version of the proof, mentioning only its main points.
Keywords
inventory/production: stochastic models, dynamic programming
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