A Simple Heuristic for Computing Nonstationary (s, S) Policies

DOI10.1287/OPRE.47.4.576MaRDI QIDQ4545665zbMATH OpenOpenAlexFDO

Authors Srinivas Bollapragada, Thomas E. Morton

Publication date 17 July 2003

Published in Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/opre.47.4.576

zbMATH Keywords

dynamic programmingheuristicnonstationary inventory problem

Mathematics Subject Classification ID

Dynamic programming (90C39) Inventory, storage, reservoirs (90B05)

Recommendations

• The Finite Horizon Nonstationary Stochastic Inventory Problem: Near-Myopic Bounds, Heuristics, Testing
• Computing a Stationary Base-Stock Policy for a Finite Horizon Stochastic Inventory Problem with Non-linear Shortage Costs
• An efficient lot-sizing heuristic for a periodic-review inventory system under non-stationary stochastic demand
• Modelling and computing \((R^{n}, S^{n})\) policies for inventory systems with non-stationary stochastic demand
• The Nonstationary Stochastic Lead-Time Inventory Problem: Near-Myopic Bounds, Heuristics, and Testing

Cited in

(22)

• Big data driven order-up-to level model: application of machine learning
• Optimal and near-optimal \((s,S)\) inventory policies for Levy demand processes
• Constraint programming for computing non-stationary \((R, S)\) inventory policies
• An efficient lot-sizing heuristic for a periodic-review inventory system under non-stationary stochastic demand
• Computing non-stationary \((s, S)\) policies using mixed integer linear programming
• Continuous inventory control with stochastic and non-stationary Markovian demand
• Confidence intervals for data-driven inventory policies with demand censoring
• An efficient heuristic for inventory control when the customer is using a \((s,S)\) policy
• Computing optimal \((R, s, S)\) policy parameters by a hybrid of branch-and-bound and stochastic dynamic programming
• Approximations for non-stationary stochastic lot-sizing under \((s,Q)\)-type policy
• A study on the optimal inventory allocation for clinical trial supply chains
• Optimal inventory control with fixed ordering cost for selling by Internet auctions
• Managing premium wines using an \((s - 1,s)\) inventory policy: a heuristic solution approach
• Inventory Planning with Forecast Updates: Approximate Solutions and Cost Error Bounds
• Stochastic dynamic programming heuristic for the \((R,s,S)\) policy parameters computation
• On the empirical performance of \((T, s, S)\) heuristics
• Approximation algorithm for the stochastic multiperiod inventory problem via a look-ahead optimization approach
• Solving a class of simulation-based optimization problems using ``optimality in probability
• A simple heuristic for computing non-stationary inventory policies based on function approximation
• Modelling and computing \((R^{n}, S^{n})\) policies for inventory systems with non-stationary stochastic demand
• The multi-sourcing location inventory problem with stochastic demand
• Optimal inventory control and allocation for sequential internet auctions

This page was built for publication: A Simple Heuristic for Computing Nonstationary (s, S) Policies

Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q4545665)