Optimality of Myopic Inventory Policies for Certain Dependent Demand Processes

DOI10.1287/MNSC.21.11.1303zbMATH Open0307.90019OpenAlexW2005270316MaRDI QIDQ4065246FDOQ4065246

Authors:

Publication date: 1975

Published in: Management Science (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/mnsc.21.11.1303

Applications of queueing theory (congestion, allocation, storage, traffic, etc.) (60K30) Inventory, storage, reservoirs (90B05) Production models (90B30)

Cited In (24)

Bullwhip reduction for ARMA demand: the proportional order-up-to policy versus the full-state-feedback policy
The governing dynamics of supply chains: the impact of altruistic behaviour
Computing non-stationary \((s, S)\) policies using mixed integer linear programming
Stability of information-sharing alliances in a three-level supply chain
Technical note: New sufficient conditions for \((s,S)\) policies to be optimal in systems with multiple uncertainties
Planning for demand failure: a dynamic lot size model for clinical trial supply chains
The myopic Order-Up-To policy with a proportional feedback controller
Distributionally Robust Inventory Control When Demand Is a Martingale
Demand seasonality in retail inventory management
Quantifying bullwhip effect in a closed loop supply chain
Periodic review stochastic inventory problem with forecast updates: Worst-case bounds for the myopic solution
Periodic-review inventory model with three consecutive delivery modes and forecast updates
Analysis of compound bullwhip effect causes
Information transformation in a supply chain: a simulation study
Impact of information sharing and lead time on bullwhip effect and on-hand inventory
Peeling layers of an onion: Inventory model with multiple delivery modes and forecast updates.
Inventory control under temporal demand heteroscedasticity
Robust newsvendor problem with autoregressive demand
A mathematical programming-based solution method for the nonstationary inventory problem under correlated demand
Multiple items procurement under stochastic nonstationary demands
Rolling-horizon replenishment: policies and performance analysis
Performance bound for myopic order-up-to inventory policies under stationary demand processes
A semi-parametric approach for estimating critical fractiles under autocorrelated demand
A measure of bullwhip effect in supply chains with a mixed autoregressive-moving average demand process

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