1．OPTIMAL CAPITAL ADJUSTMENT＆Kenneth J．Arrow 1
2．REPAIRMAN PROBLEMS＆Richard E．Barlow 18
3．APPLICATIONS OF SEMI-MARKOV PROCESSES TO COUNTER PROBLEMS＆Richard E．Barlow 34
4．PLANNED REPLACEMENT＆Richard E．Barlow and Frank Proschan 63
5．APPROXIMATE SOLUTIONS TO A SIMPLE MULTI-ECHELON INVENTORY PROBLEM＆Andrew J．Clark and Herbert Scarf 88
6．THE TIME-DEPENDENT SOLUTION FOR A DAM WITH ORDERED POISSON INPUTS＆J．Gani 101
7．LIMITING DISTRIBUTIONS FOR SOME STORAGE PROBLEMS＆D．P．Gaver，Jr．and R．G．Miller，Jr 110
8．OPTIMAL POLICY FOR DYNAMIC INVENTORY PROCESS WITH NONSTATIONARY STOCHASTIC DEMANDS＆D．Iglehart and S．Karlin 127
9．STOCHASTIC MODELS AND OPTIMAL POLICY FOR SELLING AN ASSET＆Samuel Karlin 148
10．PRICES AND OPTIMAL INVENTORY POLICY＆Samuel Karlin and Charles R．Carr 159
11．MARKOV RENEWAL PROCESSES OF ZERO ORDER AND THEIR APPLICATION TO COUNTER THEORY＆Ronald Pyke 173
12．OPTIMAL REPLACEMENT AND INSPECTION OF STOCHASTICALLY FAILING EQUIPMENT＆R．Radner and D．W．Jorgenson 184
13．APPROXIMATIONS TO OPTIMAL POLICIES IN A DYNAMIC INVENTORY MODEL＆Donald M．Roberts 207
14．STEADY-STATE PROPERTIES OF SELECTED INVENTORY MODELS＆Richard C．Singleton 230
15．INVENTORY DEPLETION POLICIES＆Peter W．Zehna 263