Power Approximation for Computing (s, S) Policies Using Service Level

DOI10.1287/MNSC.36.7.822MaRDI QIDQ3204297zbMATH OpenOpenAlexFDO

Authors Helmut Schneider, Jeffrey L. Ringuest

Publication date 1990

Published in Management Science (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/mnsc.36.7.822

zbMATH Keywords

(s,S) policiesanalytic approximationfixed ordering costslinear holding costsperiodic reviewpower approximation policiessingle items

Mathematics Subject Classification ID

Computational methods for problems pertaining to operations research and mathematical programming (90-08) Inventory, storage, reservoirs (90B05)

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Cited in

(8)

• On the empirical performance of \((T, s, S)\) heuristics
• On the (R,s,Q) inventory model when demand is modelled as a compound Bernoulli process
• An analysis of warehouse and distribution strategies. A case study
• Minimizing holding and ordering costs subject to a bound on backorders is as easy as solving a single backorder cost model
• The value of real time yield information in multi-stage inventory systems -- exact and heuristic approaches
• Cold supply chain design with environmental considerations: a simulation-optimization approach
• Inventory models with minimal service level constraints
• Power approximation for pricing American options

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