Using Dynamic Programming to Solve the Fixed Periodic Review Inventory Model: with Practical Application in Al-Aqsa Trading Company for Generator Imports

Authors

• Omar Mohammed AlAshari, Department of Statistics, College of Administration and Economics, University of Baghdad, iraq

Abstract

The purpose of this paper is use the Dynamic Programming to solve a deterministic periodic review model for inventory problem and then to find the optimal policies that the company must uses in the purchase or production (in the practical application example the Al Aksa company purchase the generators from out side country).

DOI

10.33095/jeas.v14i52.1429

Subject Area

Statistical

First Page

275

Last Page

284

Recommended Citation

AlAshari, O. M. (2008). Using Dynamic Programming to Solve the Fixed Periodic Review Inventory Model: with Practical Application in Al-Aqsa Trading Company for Generator Imports. Journal of Economics and Administrative Sciences, 14(52), 275-284. https://doi.org/10.33095/jeas.v14i52.1429