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

DOI10.1016/S0377-2217(03)00363-1zbMath1067.90002OpenAlexW2037181809MaRDI 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

InventoryNonlinear optimizationPenalty methodStochastic demandBudget constraint

Mathematics Subject Classification ID

Nonlinear programming (90C30) Inventory, storage, reservoirs (90B05)

Related Items (11)

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

Cites Work

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• 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

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