Optimality of (s, S) Policies in Inventory Models with Markovian Demand
From MaRDI portal
Publication:4384093
DOI10.1287/opre.45.6.931zbMath0895.90079OpenAlexW3125367953MaRDI QIDQ4384093
Publication date: 20 April 1998
Published in: Operations Research (Search for Journal in Brave)
Full work available at URL: https://semanticscholar.org/paper/141e55ea25636f9939934a30ceb69583b49055e5
Markov chain\((s,S)\) policiescyclic or seasonal demandfinite and infinite horizon nonstationary problems
Related Items (54)
Optimal inventory control with fixed ordering cost for selling by Internet auctions ⋮ Approximation Algorithms for Perishable Inventory Systems ⋮ Inventory Models with Shelf-Age and Delay-Dependent Inventory Costs ⋮ Measuring the bullwhip effect for supply chains with seasonal demand components ⋮ STOCHASTIC MULTI-ITEM INVENTORY SYSTEMS WITH MARKOV-MODULATED DEMANDS AND PRODUCTION QUANTITY REQUIREMENTS ⋮ Continuous \((s,S)\) policy with MMPP correlated demand ⋮ Average cost optimality in inventory models with Markovian demands ⋮ Pricing and inventory control strategy for a periodic-review energy buy-back system ⋮ Modelling imperfect advance demand information and analysis of optimal inventory policies ⋮ A production-inventory model with randomly changing environmental conditions ⋮ Technical Note—New Sufficient Conditions for (s, S) Policies to be Optimal in Systems with Multiple Uncertainties ⋮ Managing dynamic inventory systems with product returns: a Markov decision process ⋮ The \((S,s)\) policy is an optimal trading strategy in a class of commodity price speculation problems ⋮ A mathematical programming-based solution method for the nonstationary inventory problem under correlated demand ⋮ A sharp bound for the ergodic distribution of an inventory control model under the assumption that demands and inter-arrival times are dependent ⋮ Joint pricing and inventory control with a Markovian demand model ⋮ An integrated data-driven method using deep learning for a newsvendor problem with unobservable features ⋮ Note on the optimality of (\(s,S\)) policies for inventory systems with two demand classes ⋮ Price and Inventory Dynamics in an Oligopoly Industry: A Framework for Commodity Markets ⋮ Inventory control with modulated demand and a partially observed modulation process ⋮ A joint pricing and inventory control problem under an energy buy-back program ⋮ Optimal spot market inventory strategies in the presence of cost and price risk ⋮ Planning for demand failure: a dynamic lot size model for clinical trial supply chains ⋮ (s, S) Inventory Systems with Correlated Demands ⋮ A note on a production control model for a facility with limited storage capacity in a random environment ⋮ Optimal Production-Inventory Policy for a Periodic-Review Energy Buy-Back System over an Infinite Planning Horizon ⋮ Inventory control with an order-time constraint: optimality, uniqueness and significance ⋮ Confidence Intervals for Data-Driven Inventory Policies with Demand Censoring ⋮ Newsvendor models with dependent random supply and demand ⋮ A partial replenishment model for an inventory with constant demand ⋮ Continuous inventory control with stochastic and non-stationary Markovian demand ⋮ Capacitated inventory problems with fixed order costs: Some optimal policy structure ⋮ Peeling layers of an onion: Inventory model with multiple delivery modes and forecast updates. ⋮ Heuristic methods for the capacitated stochastic lot-sizing problem under the static-dynamic uncertainty strategy ⋮ Coordinating pricing and inventory control in a fluctuating environment ⋮ Dynamic modeling and control of supply chain systems: A review ⋮ Optimal policies for inventory systems with finite capacity and partially observed Markov-modulated demand and supply processes ⋮ Inventory models with minimal service level constraints ⋮ Optimality of \((s,S)\) policies for a stochastic inventory model with proportional and lump-sum shortage costs ⋮ Revenue management in single-stage CONWIP production systems ⋮ Computing non-stationary \((s, S)\) policies using mixed integer linear programming ⋮ Stochastic multiproduct inventory models with limited storage ⋮ Estimators of the moments for the inventory model of type \((s,S)\) ⋮ Inventory management with partially observed nonstationary demand ⋮ Optimal policy for inventory systems with capacity commitment and fixed ordering costs ⋮ Inventory models with Markovian demands and cost functions of polynomial growth ⋮ Inventory models with unreliable suppliers in a random environment ⋮ OPTIMAL PRICING AND PRODUCTION POLICIES OF A MAKE-TO-STOCK SYSTEM WITH FLUCTUATING DEMAND ⋮ Inventory systems with stochastic and batch demand: computational approaches ⋮ Single and multi-period optimal inventory control models with risk-averse constraints ⋮ Inventory control under speculation: Myopic heuristics and exact procedures ⋮ The classical average-cost inventory models of Iglehart and Veinott-Wagner revisited ⋮ A non-stationary periodic review production-inventory model with uncertain production capacity and uncertain demand ⋮ Solving nonstationary infinite horizon stochastic production planning problems
This page was built for publication: Optimality of (s, S) Policies in Inventory Models with Markovian Demand
