The value of real time yield information in multi-stage inventory systems -- exact and heuristic approaches

DOI10.1016/J.EJOR.2014.06.028MaRDI QIDQ2629600zbMATH OpenOpenAlexFDO

Authors Marcus Dettenbach, Ulrich W. Thonemann

Publication date 6 July 2016

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

Full work available at URL https://doi.org/10.1016/j.ejor.2014.06.028

zbMATH Keywords

inventory managementrandom yieldvalue of information

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

Recommendations

• Exact and heuristic linear-inflation policies for an inventory model with random yield and arbitrary lead times
• Multistage production systems with random yield: heuristics and optimality
• Control of a production system with variable yield and random demand
• Optimal control of an inventory-production system with state-dependent random yield
• Approaches for periodic inventory control under random production yield and fixed setup cost

Cites work

• A modified dynamic programming method for Markovian decision problems
• Concepts for safety stock determination under stochastic demand and different types of random production yield
• Convex Analysis
• Foundations of inventory management
• scientific article; zbMATH DE number 3130649 (Why is no real title available?)
• scientific article; zbMATH DE number 3843492 (Why is no real title available?)
• scientific article; zbMATH DE number 4025128 (Why is no real title available?)
• scientific article; zbMATH DE number 1232374 (Why is no real title available?)
• scientific article; zbMATH DE number 3216838 (Why is no real title available?)
• scientific article; zbMATH DE number 3322720 (Why is no real title available?)
• Linear inflation rules for the random yield problem: Analysis and computations
• Lot Sizing with Random Yields: A Review
• Markov chains and mixing times. With a chapter on ``Coupling from the past by James G. Propp and David B. Wilson.
• Myopic Heuristics for the Random Yield Problem
• Numerical Comparisons of Inventory Policies for Periodic Review Systems
• On the empirical performance of \((T, s, S)\) heuristics
• Power Approximation for Computing (s, S) Policies Using Service Level
• Random yield and uncertain demand in decentralised supply chains under the traditional and VMI arrangements
• Simple approximations for the reorder point in periodic and continuous review (s,S) inventory systems with service level constraints
• Technical Note—Note on “Myopic Heuristics for the Random Yield Problem”
• The Structure of Periodic Review Policies in the Presence of Random Yield

Cited in

(7)

• Approaches for periodic inventory control under random production yield and fixed setup cost
• Firm value and the impact of operational management
• Disposal versus rework -- inventory control in a production system with random yield
• An aggregation-based approximate dynamic programming approach for the periodic review model with random yield
• Real-time order tracking for supply systems with multiple transportation stages
• `Too little' or `Too late': the timing of supply chain demand collaboration
• EOQ with supply disruptions under different advance information regimes

This page was built for publication: The value of real time yield information in multi-stage inventory systems -- exact and heuristic approaches

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q2629600)