Optimality of (s, S) Policies in Inventory Models with Markovian Demand

DOI10.1287/OPRE.45.6.931zbMATH Open0895.90079OpenAlexW3125367953MaRDI QIDQ4384093FDOQ4384093

Authors: Feng Cheng, Suresh P. Sethi 

Publication date: 20 April 1998

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://semanticscholar.org/paper/141e55ea25636f9939934a30ceb69583b49055e5

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zbMATH Keywords

Markov chain\((s,S)\) policiescyclic or seasonal demandfinite and infinite horizon nonstationary problems

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

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• Planning for demand failure: a dynamic lot size model for clinical trial supply chains
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• Average Cost Optimality in Inventory Models with Markovian Demands and Lost Sales
• A production-inventory model with randomly changing environmental conditions
• Advances in Artificial Intelligence
• Optimality of \((s,S,p)\) policy in a general inventory-pricing model with uniform demands
• Solving nonstationary infinite horizon stochastic production planning problems
• Modelling imperfect advance demand information and analysis of optimal inventory policies
• Optimal promotion planning -- depth and frequency -- for a two-stage supply chain under Markov switching demand
• Revenue management in single-stage CONWIP production systems
• Optimality of \((s,S)\) policies for a stochastic inventory model with proportional and lump-sum shortage costs
• 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
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• Capacitated inventory problems with fixed order costs: Some optimal policy structure
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• Optimality of \((s,S)\)-policies in a dynamic pricing model with replenishment opportunities: a sample path approach
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• Price and Inventory Dynamics in an Oligopoly Industry: A Framework for Commodity Markets
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• A joint pricing and inventory control problem under an energy buy-back program
• Optimal production-inventory policy for a periodic-review energy buy-back system over an infinite planning horizon
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• Inventory control under speculation: Myopic heuristics and exact procedures
• Dynamic modeling and control of supply chain systems: A review
• Control of inventories with Markov demand
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• Technical note: New sufficient conditions for \((s,S)\) policies to be optimal in systems with multiple uncertainties
• An asymptotic approach for a semi-Markovian inventory model of type \((s, S)\)
• Inventory control with modulated demand and a partially observed modulation process
• Heuristic methods for the capacitated stochastic lot-sizing problem under the static-dynamic uncertainty strategy
• Study on the \((s,S)\) stochastic inventory control policy with jump diffusion demands
• Technical Note—Monotone Optimal Issuing Policies in a Deterministic Inventory Model
• Confidence intervals for data-driven inventory policies with demand censoring
• On a two-commodity inventory problem with Markov shift in demand
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• A mathematical programming-based solution method for the nonstationary inventory problem under correlated demand
• Three different operations research models for the same \((s,S)\) policy.
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• Optimal policy for Brownian inventory models with general convex inventory cost
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• A new optimal multi-product \((Q, R, SS)\) policy with multivariate Markov stochastic demand forecasting model
• A note on a production control model for a facility with limited storage capacity in a random environment

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