Optimal policy surfaces for a multi-item inventory problem

DOI10.1016/0377-2217(89)90191-4MaRDI QIDQ1122470zbMATH OpenOpenAlexFDO

Authors Helmut Schneider, Dan B. Rinks

Publication date 1989

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

Full work available at URL https://doi.org/10.1016/0377-2217(89)90191-4

zbMATH Keywords

approximate solutionperiodic reviewstorage costsmulti-item inventory problemmultiple aggregate objectivesoptimal policy surfaceunspecified single-item ordering

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

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• Optimality of (σS)-type policies for a stationary multi-product inventory model with a canonical diffusion process as demand process

Cites work

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• scientific article; zbMATH DE number 3087276 (Why is no real title available?)
• Capital Accumulation and Production for the Firm: Optimal Dynamic Policies
• Computing Optimal (s, S) Inventory Policies
• Methods for Determining the Re-order Point of an (s, S) Ordering Policy when a Service Level is Specified
• Models for multi‐item continuous review inventory policies subject to constraints
• Using Optimal Policy Surfaces to Analyze Aggregate Inventory Tradeoffs

Cited in

(7)

• Multi-Item Inventory Systems with a Service Objective
• An inventory control system for products with optional components under service level and budget constraints
• On the empirical performance of \((T, s, S)\) heuristics
• Approaches for periodic inventory control under random production yield and fixed setup cost
• Optimal inventory policy for specialty chemical products in multiple packages
• The optimal order policy for a capacitated multiple product inventory system under symmetry
• Approximation methods in the optimization of a stationary (\(\sigma\) ,S) inventory problem

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