Optimal and near-optimal inventory control policies for a make-to-order inventory-production system

DOI10.1016/S0377-2217(01)00257-0zbMath0998.90004OpenAlexW2100493412MaRDI QIDQ1848620

John A. Buzacott, Qi-Ming He, Elizabeth M. Jewkes

Publication date: 13 November 2002

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

Full work available at URL: https://doi.org/10.1016/s0377-2217(01)00257-0

zbMATH Keywords

Markov decision processesproduction systemqueueing theoryoptimal policyinventory theory

Mathematics Subject Classification ID

Queues and service in operations research (90B22) Production models (90B30) Inventory, storage, reservoirs (90B05) Markov and semi-Markov decision processes (90C40)

Related Items (9)

Optimal inventory replenishment policy for a queueing system with finite waiting room capacity ⋮ TWO-ECHELON PRODUCTION INVENTORY SYSTEMS WITH STRATEGIC CUSTOMERS ⋮ Raw material inventory optimization for MTO enterprises under price fluctuations ⋮ Integrated inventory management and supplier base reduction in a supply chain with multiple uncertainties ⋮ Acquisition and production management with two inventories under fluctuating prices and demand ⋮ Multistage stochastic programming approach for joint optimization of job scheduling and material ordering under endogenous uncertainties ⋮ THE OPTIMAL INVENTORY CONTROL OF A SYSTEM WITH RANDOM LEAD TIME WHERE RANDOM SUPPLY INTERRUPTIONS AFFECT THE REPLENISHMENT ⋮ Optimal and near-optimal inventory control policies for a make-to-order inventory-production system ⋮ An (s, S) Production Inventory System with State Dependant Production Rate and Lost Sales

Cites Work

• Optimal control of diffusion processes with reflection
• Optimal and near-optimal inventory control policies for a make-to-order inventory-production system
• Optimal Control of a Two-Station Tandem Production/Inventory System
• Evaluating Echelon Stock (R, nQ) Policies in Serial Production/Inventory Systems with Stochastic Demand
• Customer-Order Information, Leadtimes, and Inventories
• Inequalities: theory of majorization and its applications
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