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

DOI10.1016/S0377-2217(97)00301-9MaRDI QIDQ1806820zbMATH OpenOpenAlexFDO

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

zbMATH Keywords

forecastinginventorymyopic solution

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

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Cites work

• scientific article; zbMATH DE number 3843492 (Why is no real title available?)
• Bayes Solution to Dynamic Inventory Models Under Unknown Demand Distribution
• Bayes Solutions of the Statistical Inventory Problem
• Discounting, Ergodicity and Convergence for Markov Decision Processes
• Dynamic inventory policy with varying stochastic demands
• Myopic Policies for Some Inventory Models with Uncertain Demand Distributions
• Myopic Solutions of Markov Decision Processes and Stochastic Games
• Near Myopic Heuristics for the Fixed-Life Perishability Problem
• Optimal Policy for a Multi-Product, Dynamic, Nonstationary Inventory Problem
• Optimal Properties of Exponentially Weighted Forecasts
• Optimality of Myopic Inventory Policies for Certain Dependent Demand Processes
• Stopped Myopic Policies in Some Inventory Models with Generalized Demand Processes
• The Finite Horizon Nonstationary Stochastic Inventory Problem: Near-Myopic Bounds, Heuristics, Testing
• The Inventory Problem: II. Case of Unknown Distributions of Demand
• The Near-Myopic Nature of the Lagged-Proportional-Cost Inventory Problem with Lost Sales
• The Nonstationary Stochastic Lead-Time Inventory Problem: Near-Myopic Bounds, Heuristics, and Testing

Cited in

(5)

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

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