A heuristic for rationing inventory in two demand classes with backlog costs and a service constraint

DOI10.1016/J.COR.2013.06.001MaRDI QIDQ336640zbMATH OpenOpenAlexFDO

Authors Daqin Wang, Ou Tang, Jiazhen Huo

Publication date 10 November 2016

Published in Computers \& Operations Research (Search for Journal in Brave)

Full work available at URL http://urn.kb.se/resolve?urn=urn:nbn:se:liu:diva-100967

zbMATH Keywords

mixed service criteriamultiple demand classesrationing policyservice constraint

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 1488165 (Why is no real title available?)
• A dynamic rationing policy for continuous-review inventory systems
• A threshold inventory rationing policy for service-differentiated demand classes
• An Efficient Algorithm for Computing an Optimal (r, Q) Policy in Continuous Review Stochastic Inventory Systems
• Differentiated service inventory optimization using nested partitions and MOCBA
• Distribution free bounds for service constrained (Q, r) inventory systems
• Dynamic inventory rationing strategies for inventory systems with two demand classes, Poisson demand and backordering
• Foundations of inventory management
• Inventory control.
• Inventory rationing in an (s, Q) inventory model with lost sales and two demand classes
• Operating Characteristics of an Inventory System with Rationing
• Optimal Ordering and Rationing Policies in a Nonstationary Dynamic Inventory Model with n Demand Classes
• Optimal Policy in a Dynamic, Single Product, Nonstationary Inventory Model with Several Demand Classes
• Policies utilizing tactical inventory for service-differentiated customers
• Rationing mechanisms and inventory control-policy parameters for a divergent supply chain operating with lost sales and costs of review
• Rationing policies for some inventory systems
• Service Constrained (s, S) Inventory Systems with Priority Demand Classes and Lost Sales
• Stock rationing in a continuous review two-echelon inventory model
• Tractable (Q, R) Heuristic Models for Constrained Service Levels

Cited in

(11)

• Optimization of safety stocks in models with an order service level objective or constraint
• On the effect of two popular service-level measures on the design of a critical level policy for fast-moving items
• Inventory rationing and replenishment for an omni-channel retailer
• Multi-class dynamic inventory rationing with stochastic demands and backordering
• Critical level rationing in inventory systems with continuously distributed demand
• Optimization of a stochastic joint replenishment inventory system with service level constraints
• On the decomposition property for a dynamic inventory rationing problem with multiple demand classes and backorder
• A single-product inventory model for multiple demand classes
• Optimal production and inventory control of multi-class mixed backorder and lost sales demand class models
• Transshipment policies for systems with multiple retailers and two demand classes
• A complete algebraic solution to the optimal dynamic rationing policy in the stock-rationing queue with two demand classes

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