Optimality of Myopic Inventory Policies for Certain Dependent Demand Processes

DOI10.1287/MNSC.21.11.1303MaRDI QIDQ4065246zbMATH OpenOpenAlexFDO

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

Mathematics Subject Classification ID

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

Cited in

(24)

• A measure of bullwhip effect in supply chains with a mixed autoregressive-moving average demand process
• 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
• Demand seasonality in retail inventory management
• Distributionally Robust Inventory Control When Demand Is a Martingale
• 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
• Inventory control under temporal demand heteroscedasticity
• Peeling layers of an onion: Inventory model with multiple delivery modes and forecast updates.
• 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

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