Optimal production and inventory rationing policies with selective-information sharing and two demand classes

DOI10.1016/J.EJOR.2020.05.051MaRDI QIDQ2028874zbMATH OpenOpenAlexFDO

Authors Yi Wang, Sheng Hao Zhang

Publication date 3 June 2021

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

Full work available at URL https://doi.org/10.1016/j.ejor.2020.05.051

zbMATH Keywords

dynamic programminginformation sharinginventory rationingproduction-inventory systemsecond-mover advantage

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Dynamic programming (90C39) Markov and semi-Markov decision processes (90C40)

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Cites work

• An adaptive dynamic programming algorithm for a stochastic multiproduct batch dispatch problem
• An optimal critical level policy for inventory systems with two demand classes
• Discretization and Weak Convergence in Markov Decision Drift Processes
• Dynamic inventory rationing strategies for inventory systems with two demand classes, Poisson demand and backordering
• Exploiting structure in adaptive dynamic programming algorithms for a stochastic batch service problem
• scientific article; zbMATH DE number 1577097 (Why is no real title available?)
• scientific article; zbMATH DE number 700091 (Why is no real title available?)
• Integrating Replenishment Decisions with Advance Demand Information
• Inventory Control with Limited Capacity and Advance Demand Information
• Inventory Rationing in a Make-to-Stock Production System with Several Demand Classes and Lost Sales
• Managing an integrated production inventory system with information on the production and demand status and multiple non-unitary demand classes
• Monotonicity in multidimensional Markov decision processes for the batch dispatch problem
• Multi-class dynamic inventory rationing with stochastic demands and backordering
• On the decomposition property for a dynamic inventory rationing problem with multiple demand classes and backorder
• Optimal production and rationing decisions in supply chains with information sharing
• Production Control Policies in Supply Chains with Selective-Information Sharing
• Production-inventory systems with imperfect advance demand information and updating
• Shipment consolidation with two demand classes: rationing the dispatch capacity
• Stock rationing in an \(M/e_{k}/1\) make-to-stock queue
• Value of information in capacitated supply chains

Cited in

(10)

• Omnichannel inventory models accounting for buy-online-return-to-store service and random demand
• Production and availability policies through the Markov decision process and myopic methods for contractual and selective orders
• Optimal production and rationing decisions in supply chains with information sharing
• Demand information sharing in the presence of B2B spot market
• Production Control Policies in Supply Chains with Selective-Information Sharing
• A conceptual framework for information-leakage-resilience
• Managing production-inventory-maintenance systems with condition monitoring
• Information sharing in an MTO supply chain with upstream adjustments
• Inventory rationing, admission control, and production capacity allocation in a make-to-stock/make-to-order manufacturing system
• Dynamic programming in inventory management: a review

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