Managing fresh-product inventory
US8494916B2 · kind B2 · utility
3Cited by
4References
13Claims
0Family size
Assignee
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Key dates
| Filing date | Jan 16, 2013 |
| Grant date | Jul 23, 2013 |
| Priority date | — |
| Expiry date | Jan 16, 2033 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q10/087
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Freshness inventory control problem may be formulated as a stochastic dynamic program. In one aspect, a stochastic dynamic programming formulation takes as input inventory status, stochastic demand forecast and cost information associated with on-hand inventory. The stochastic dynamic programming formulation is maximized to determine order quantity and depletion quantity of the product per period.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.