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...Optimization and operations research vol iv inventory models waldmann k h universitat karlsruhe germany keywords control periodic review continuous economic order quantity s policy multi level systems markov decision processes contents introduction the basic eoq model dynamic lotsize stochastic demand single period finite horizon infinite generalized policies poisson a two system extensions glossary bibliography biographical sketch summary this article offers an to lines of in management type unesco eolss theory deals with stock levels goods aim ensuring that for these is met most are designed address sample chapters fundamental issues when replenishment should be placed what their complexity depends heavily on assumptions made about cost structure physical characteristics problems real world usually involve multiple products example spare parts require hundreds or thousands different items it often possible however product capture all essential elements problem so not necessary includ...