(s, S) Policies for a Dynamic Inventory Model with Stochastic Lead Times

DOI10.1287/OPRE.32.1.121MaRDI QIDQ3313574zbMATH OpenOpenAlexFDO

Authors Richard A. Ehrhardt

Publication date 1984

Published in Operations Research (Search for Journal in Brave)

Full work available at URL http://libres.uncg.edu/ir/uncg/f/R_Ehrhardt_Policies_1984.pdf

zbMATH Keywords

(s,S) policiesfinite and infinite planning horizonsoptimality of myopic base-stock policiesstochastic lead time

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Dynamic programming (90C39) Applications of mathematical programming (90C90)

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Cited in

(40)

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• On the use of independent base-stock policies in assemble-to-order inventory systems with nonidentical lead times
• Markov-modulated analysis of a spare parts system with random lead times and disruption risks
• Some stochastic inventory models with deterministic variable lead time
• Random lead times and expedited orders in \((Q,r)\) inventory systems
• Analysis of a multi-component periodic review inventory system in an assembly environment
• The impact of supply chain visibility when lead time is random
• Undershoot and order quantity probability distributions in periodic review, reorder point, order-up-to-level inventory systems with continuous demand
• Optimal inventory policies for a two-dimensional stochastic inventory model: a numerical investigation
• Dynamic inventory strategies for profit maximization in a service facility with stochastic service, demand and lead time
• Inventory control with an order-time constraint: optimality, uniqueness and significance
• New results on the newsvendor model and the multi-period inventory model with backordering
• New structural properties of inventory models with Polya frequency distributed demand and fixed setup cost
• Robust design of (s,S) inventory policy parameters in supply chains with demand and lead time uncertainties
• (s,S) policy for uncertain single period inventory problem
• Approximate dynamic programming for stochastic linear control problems on compact state spaces
• Inventory management with an exogenous supply process
• scientific article; zbMATH DE number 1816812 (Why is no real title available?)
• OPTIMAL PRODUCTION POLICIES WITH MULTISTAGE STOCHASTIC DEMAND LEAD TIMES
• The Dynamic Lot-Size Model with Stochastic Lead Times
• An (s,r,S) Diffusion Inventory Model with Exponential Leadtimes and Order Cancellations
• CONTINUOUS REVIEW (s,S) INVENTORY MODEL WITH LIMITED BACKLOGGING LEVELS AND STOCHASTIC LEAD TIMES
• scientific article; zbMATH DE number 4068575 (Why is no real title available?)
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• An (s,q) inventory model with stochastic and interrelated lead times
• scientific article; zbMATH DE number 6131728 (Why is no real title available?)
• Error analysis of an approximate optimal policy for an inventory system with stochastic and continuous demands
• Inventory management with stochastic lead times
• Lost-Sales Problems with Stochastic Lead Times: Convexity Results for Base-Stock Policies
• Modeling Stochastic Lead Times in Multi-Echelon Systems
• Optimizing a single-product production-inventory system under constant absolute risk aversion
• Replenishment strategies for lost sales inventory systems of perishables under demand and lead time uncertainty
• Dynamic programming in inventory management: a review
• Asymptotic optimality of base-stock policies for lost-sales inventory systems with stochastic lead times
• On stochastic lot-sizing problems with random lead times
• Computing robust basestock levels

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