Optimal inventory policy for a dynamic stochastic inventory problem with order revision

DOI10.1007/S11590-016-1100-YzbMATH Open1382.90004OpenAlexW2562361002MaRDI QIDQ1676497FDOQ1676497

Authors: Ningxiong Xu 

Publication date: 9 November 2017

Published in: Optimization Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s11590-016-1100-y

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zbMATH Keywords

inventory controloptimal policyorder revisionstochastic dynamic programming problem

Mathematics Subject Classification ID

Dynamic programming (90C39) Stochastic programming (90C15) Inventory, storage, reservoirs (90B05)

Cites Work

• Backup Agreements in Fashion Buying—The Value of Upstream Flexibility
• Supporting informationanalysis of supply contracts with commitments and flexibility
• Flexible supply contracts for short life-cycle goods: The buyer's perspective
• Multi-period dynamic supply contracts with cancellation

Cited In (5)

• Optimal supplier inventory control policies when buyer purchase incidence is driven by past service
• A simple heuristic policy for stochastic inventory systems with both minimum and maximum order quantity requirements
• Optimal Ordering Policies for a Continuous Time, Deterministic Inventory Model
• Optimal policy for a dynamic, non-stationary, stochastic inventory problem with capacity commitment
• Dynamic Inventory Management with Total Minimum Order Commitments and Two Supply Options

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