Corrected Diffusion Approximations for a Multistage Production-Inventory System

DOI10.1287/MOOR.22.1.186MaRDI QIDQ4339381zbMATH OpenOpenAlexFDO

Authors Paul Glasserman, Tai-Wen Liu

Publication date 9 June 1997

Published in Mathematics of Operations Research (Search for Journal in Brave)

Full work available at URL https://semanticscholar.org/paper/c79bfb44f1f9bbbaa161db1b8e19d827d1d98599

zbMATH Keywords

stochastic demandslimited production capacitymultistage inventory systemperiodic-review base-stock policy

Mathematics Subject Classification ID

Diffusion processes (60J60) Inventory, storage, reservoirs (90B05) Production models (90B30)

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Cited in

(8)

• Tail asymptotics for the maximum of perturbed random walk
• Diffusion approximations for the maximum of a perturbed random walk
• Approximate queueing models for capacitated multi-stage inventory systems under base-stock control
• Clarifying the asymptotic behavior of the overshoot in random walks
• Performance analysis of production systems with correlated demand via diffusion approximations
• Analysis of a forecasting-production-inventory system with stationary demand
• Improving Brownian approximations for boundary crossing problems
• Complete corrected diffusion approximations for the maximum of a random walk

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