A new algorithm for a multi-item periodic review inventory system

DOI10.1007/BF01435462zbMath0833.90035MaRDI QIDQ4300607

Tomonori Ishigaki, Katsuhisa Ohno, Toshiaki Yoshii

Publication date: 15 August 1994

Published in: [https://portal.mardi4nfdi.de/entity/Q4300601 ZOR Zeitschrift f�r Operations Research Mathematical Methods of Opeartions Research] (Search for Journal in Brave)

zbMATH Keywords

inventory system; optimal ordering policy; Markovian decision problem; general cost structure; partial or complete back-logging

Mathematics Subject Classification ID

90B05: Inventory, storage, reservoirs

90C40: Markov and semi-Markov decision processes

Related Items

Optimal inventory policies for a two-dimensional stochastic inventory model: a numerical investigation

Cites Work

• Unnamed Item
• Approximation methods in the optimization of a stationary (\(\sigma\) ,S) inventory problem
• On the Optimality of (σ, S) Policies
• Probability of Shortage for Erlang Distributed Demand in a $(\sigma ,S)$ Inventory Problem
• The mixed ordering policy in periodic review stochastic multi-commodity inventory systems
• The Functional Equations of Undiscounted Markov Renewal Programming
• Optimal decision procedures for finite Markov chains. Part II: Communicating systems
• Optimal Policy for a Multi-Product, Dynamic, Nonstationary Inventory Problem
• The Status of Mathematical Inventory Theory
• On Finding Optimal Policies in Discrete Dynamic Programming with No Discounting
• Optimality of Myopic Inventory Policies for Several Substitute Products
• Optimality and Computation of (σ, S) Policies in the Multi-Item Infinite Horizon Inventory Problem
• Asymptotic Approximations to Ordering Policies in a Stationary $(\sigma ,S)$ Inventory Problem
• A Stationary Analysis of a Multicommodity Inventory System with Interacting Set-Up Costs