Periodic review stochastic inventory problem with forecast updates: Worst-case bounds for the myopic solution

DOI10.1016/S0377-2217(97)00301-9zbMATH Open0937.90002OpenAlexW2067665414MaRDI QIDQ1806820FDOQ1806820

Authors: Srinagesh Gavirneni, Srinivas Bollapragada, Thomas E. Morton 

Publication date: 14 June 2000

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

Full work available at URL: https://doi.org/10.1016/s0377-2217(97)00301-9

Recommendations

• The Finite Horizon Nonstationary Stochastic Inventory Problem: Near-Myopic Bounds, Heuristics, Testing
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• The Optimal Review Period in a Dynamic Inventory Model

zbMATH Keywords

forecastinginventorymyopic solution

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

Cites Work

• Dynamic inventory policy with varying stochastic demands
• Bayes Solutions of the Statistical Inventory Problem
• Title not available (Why is that?)
• Optimality of Myopic Inventory Policies for Certain Dependent Demand Processes
• The Finite Horizon Nonstationary Stochastic Inventory Problem: Near-Myopic Bounds, Heuristics, Testing
• Myopic Policies for Some Inventory Models with Uncertain Demand Distributions
• Bayes Solution to Dynamic Inventory Models Under Unknown Demand Distribution
• The Inventory Problem: II. Case of Unknown Distributions of Demand
• Near Myopic Heuristics for the Fixed-Life Perishability Problem
• The Nonstationary Stochastic Lead-Time Inventory Problem: Near-Myopic Bounds, Heuristics, and Testing
• The Near-Myopic Nature of the Lagged-Proportional-Cost Inventory Problem with Lost Sales
• Optimal Policy for a Multi-Product, Dynamic, Nonstationary Inventory Problem
• Myopic Solutions of Markov Decision Processes and Stochastic Games
• Optimal Properties of Exponentially Weighted Forecasts
• Discounting, Ergodicity and Convergence for Markov Decision Processes
• Stopped Myopic Policies in Some Inventory Models with Generalized Demand Processes

Cited In (5)

• The infinite horizon non-stationary stochastic inventory problem: Near myopic policies and weak ergodicity
• Periodic review inventory control with fluctuating purchasing costs.
• Inventory Planning with Forecast Updates: Approximate Solutions and Cost Error Bounds
• Optimal policy for a dynamic, non-stationary, stochastic inventory problem with capacity commitment
• On optimality of a class of dynamic myopic policies for continuous-time replenishment with periodic updates

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