Managing stochastic inventory systems with free shipping option

DOI10.1016/J.EJOR.2008.01.042MaRDI QIDQ2378464zbMATH OpenOpenAlexFDO

Authors Bin Zhou, Michael N. Katehakis, Yao Zhao

Publication date 8 January 2009

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

Full work available at URL https://doi.org/10.1016/j.ejor.2008.01.042

zbMATH Keywords

dynamic programminginventory managementfree shippingmultiple-time periods

Mathematics Subject Classification ID

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

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Cites work

• scientific article; zbMATH DE number 3843492 (Why is no real title available?)
• scientific article; zbMATH DE number 5728694 (Why is no real title available?)
• scientific article; zbMATH DE number 805121 (Why is no real title available?)
• scientific article; zbMATH DE number 3322720 (Why is no real title available?)
• A Dynamic Inventory Model with Stochastic Lead Times
• Capacitated multi-item inventory systems with random and seasonally fluctuating demands: implications for postponement strategies
• Computational Issues in an Infinite-Horizon, Multiechelon Inventory Model
• Finding Optimal (s, S) Policies Is About As Simple As Evaluating a Single Policy
• Finite state Markovian decision processes
• Inventory management with periodic ordering and minimum order quantities
• Lower Bounds for Multi-Echelon Stochastic Inventory Systems
• ON THE STRUCTURE OF OPTIMAL ORDERING POLICIES FOR STOCHASTIC INVENTORY SYSTEMS WITH MINIMUM ORDER QUANTITY
• Order-Level Inventory Systems with Independent Stochastic Leadtimes
• Reducing the Cost of Demand Uncertainty Through Accurate Response to Early Sales
• The Status of Mathematical Inventory Theory

Cited in

(12)

• Characterizing order processes of continuous review \((s,S)\) and \((r,nQ)\) policies
• Cost minimising order schedules for a capacitated inventory system
• Competitive ordering strategy for multi-period perishable inventory problem with shipping
• An optimal shipment strategy for imperfect items in a stock-out situation
• Inventory control with an order-time constraint: optimality, uniqueness and significance
• The impact of stochastic lead time reduction on inventory cost under order crossover
• Optimal order lot sizing and pricing with free shipping
• Optimal order strategy in uncertain demands with free shipping option
• A minimax distribution-free procedure for a newsvendor problem with free shipping
• Online retailers' promotional pricing, free-shipping threshold, and inventory decisions: a simulation-based analysis
• Optimal pricing and ordering strategies for dual-channel retailing with different shipping policies
• Retail store operations: literature review and research directions

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