@conference{Disney2003, author = {S.M. Disney and R.W. Grubbström}, title = {The economic consequences of a production and inventory control policy}, booktitle = {17th International Conference on Production Research}, year = {2003}, pages = {8 pages}, address = {Virginia, USA}, month = {3rd-7th August}, url = {https://www.researchgate.net/publication/349302683_The_economic_consequences_of_a_production_and_inventory_control_policy}, abstract = {In this paper, we investigate the economic performance of a generalized Order-Up-To policy in relation to an Auto-Regressive stochastic demand process. We focus on the case where the physical production/distribution lead-time is one period. We use the Net Present Value principle to evaluate the cash flows associated with inventory and order related costs. We show that the classical Order-Up-To policy is no longer optimal when a broader range of costs is considered in the objective function.}, }