A multi-product continuous review inventory system with stochastic demand, backorders, and a budget constraint

DOI10.1016/S0377-2217(03)00363-1zbMath1067.90002MaRDI QIDQ1876144

Bruce C. Shultes, Babak Ghalebsaz-Jeddi, Rasoul Haji

Publication date: 16 August 2004

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/s0377-2217(03)00363-1

zbMATH Keywords

Inventory; Nonlinear optimization; Penalty method; Stochastic demand; Budget constraint

Mathematics Subject Classification ID

90C30: Nonlinear programming

90B05: Inventory, storage, reservoirs

Related Items

Multiple-vendor, multiple-retailer based vendor-managed inventory, A multi-item mixture inventory model involving random lead time and demand with budget constraint and surprise function, Joint determination of order quantity and reorder point of continuous review model under quantity and freight rate discounts, Continuous review inventory model with normally distributed fuzzy random variable demand, On the bullwhip avoidance phase: the synchronised supply chain, Multi-stream \((Q,r)\) model and optimization for data prefetching, Double precision rational approximation algorithms for the standard normal first and second order loss functions, A comparative study of production-inventory model for determining effective production quantity and safety stock level, Double precision rational approximation algorithm for the inverse standard normal first order loss function, An inventory control system for products with optional components under service level and budget constraints, Finite inventory budgets in production capacity and safety stock placement under the guaranteed service approach

Cites Work

• Unnamed Item
• Approximate decision rules for continuous review inventory systems
• New algorithms for (Q,r) systems with complete backordering using a fill‐rate criterion
• Feature Article—Research Portfolio for Inventory Management and Production Planning Systems
• Inventory Control with an Exponential Utility Criterion
• Managerial inventory formulations with stockout objectives and fiscal constraints
• Models for multi‐item continuous review inventory policies subject to constraints