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

DOI10.1007/S11590-016-1100-YMaRDI QIDQ1676497zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

inventory controloptimal policyorder revisionstochastic dynamic programming problem

Mathematics Subject Classification ID

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

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Cites work

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

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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