A new algorithm and a new heuristic for serial supply systems

DOI10.1016/J.ORL.2004.09.001MaRDI QIDQ2488230zbMATH OpenOpenAlexFDO

Authors Özalp Özer, Guillermo Gallego

Publication date 25 August 2005

Published in Operations Research Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.orl.2004.09.001

zbMATH Keywords

Multi-echelonNewsvendor boundStochastic inventory systems

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Approximation methods and heuristics in mathematical programming (90C59) Stochastic models in economics (91B70)

Recommendations

• Note: A Simple Heuristic for Serial Inventory Systems with Fixed Order Costs
• Newsvendor bounds and heuristic for optimal policies in serial supply chains
• A new algorithm for a multi-item periodic review inventory system
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Cites work

• Computational Issues in an Infinite-Horizon, Multiechelon Inventory Model
• Customer-Order Information, Leadtimes, and Inventories
• Foundations of inventory management
• Lower Bounds for Multi-Echelon Stochastic Inventory Systems
• Newsvendor bounds and heuristic for optimal policies in serial supply chains
• Optimal Inventory Policies for Assembly Systems Under Random Demands
• Sub-optimal Time-variable Feedback Control of Linear Dynamic Systems with Random Inputs†
• The Distribution Free Newsboy Problem: Review and Extensions

Cited in

(7)

• A typology and literature review on stochastic multi-echelon inventory models
• Supply chain models for an assembly system with preprocessing of raw materials: a simple and better algorithm
• A characterization of optimal base-stock levels for a multistage serial supply chain
• Modified echelon (r,Q) policies with guaranteed performance bounds for stochastic serial inventory systems
• Provably near-optimal balancing policies for multi-echelon stochastic inventory control models
• A HEURISTIC APPROACH FOR SOLVING SERIALLY DISTRIBUTED STORAGE DEPOTS UNDER GENERAL-INTEGER POLICY
• Optimal policy for two-stage Brownian inventory systems under the long-run average cost criterion

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