Determining near optimal base-stock levels in two-stage general inventory systems

DOI10.1016/J.EJOR.2013.07.025MaRDI QIDQ2255950zbMATH OpenOpenAlexFDO

Authors Martin R. Albrecht

Publication date 18 February 2015

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

Full work available at URL https://doi.org/10.1016/j.ejor.2013.07.025

zbMATH Keywords

general inventory systeminventory managementsafety stockssupply chain management

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Approximation methods and heuristics in mathematical programming (90C59)

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Cites work

• A stochastic programming based inventory policy for assemble-to-order systems with application to the W model
• Approximate Dynamic Programming
• Approximations of Dynamic, Multilocation Production and Inventory Problems
• Bounds, Heuristics, and Approximations for Distribution Systems
• Component allocation and ordering policy in a multi-component, multi-product assembled to stock system
• Foundations of inventory management
• scientific article; zbMATH DE number 5076448 (Why is no real title available?)
• Newsvendor bounds and heuristic for optimal policies in serial supply chains
• No-holdback allocation rules for continuous-time assemble-to-order systems
• Note—Optimal Inventories Based on Job Completion Rate for Repairs Requiring Multiple Items
• Optimal Inventory Policies for Assembly Systems Under Random Demands
• Optimizing Strategic Safety Stock Placement in Supply Chains with Clusters of Commonality
• Order-Based Cost Optimization in Assemble-to-Order Systems
• Performance Analysis and Optimization of Assemble-to-Order Systems with Random Lead Times
• Production and inventory control of a single product assemble-to-order system with multiple customer classes
• Technical note: Optimal structural results for assemble-to-order generalized M-systems
• The optimal control of just-in-time-based production and distribution systems and performance comparisons with optimized pull systems

Cited in

(5)

• Optimization of safety stocks in models with an order service level objective or constraint
• A typology and literature review on stochastic multi-echelon inventory models
• Component allocation in make-to-stock assembly systems
• Using Stochastic Approximation Methods to Compute Optimal Base-Stock Levels in Inventory Control Problems
• Computing robust basestock levels

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