The Nonstationary Stochastic Lead-Time Inventory Problem: Near-Myopic Bounds, Heuristics, and Testing

DOI10.1287/MNSC.42.1.124zbMATH Open0851.90026OpenAlexW2053425086MaRDI QIDQ4887778FDOQ4887778

Authors: Ravi Anupindi, Thomas E. Morton, David W. Pentico 

Publication date: 5 August 1996

Published in: Management Science (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/mnsc.42.1.124

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zbMATH Keywords

heuristicsnonstationarystochastic inventoryplanning horizon resultsnear-myopic boundsstochastic leadtime problems

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

Cited In (15)

• A Simple Heuristic for Computing Nonstationary (s, S) Policies
• The infinite horizon non-stationary stochastic multi-echelon inventory problem and near-myopic policies
• The infinite horizon non-stationary stochastic inventory problem: Near myopic policies and weak ergodicity
• Periodic review inventory control with fluctuating purchasing costs.
• Modeling Stochastic Lead Times in Multi-Echelon Systems
• Periodic review stochastic inventory problem with forecast updates: Worst-case bounds for the myopic solution
• Approximation algorithm for the stochastic multiperiod inventory problem via a look-ahead optimization approach
• Effective truckload dispatch decision methods with incomplete advance load information
• Evaluation of Lead Time in Production/Inventory Systems with Non-stationary Stochastic Demand
• On the strategy of supply chain collaboration based on dynamic inventory target level management: a theory of constraint perspective
• A non-stationary periodic review production-inventory model with uncertain production capacity and uncertain demand
• Enhancement of Theory of Constraints replenishment using a novel generic buffer management procedure
• Inventory control of raw materials under stochastic and seasonal lead times
• An \(O(N^2)\)-time algorithm for the stochastic uncapacitated lot-sizing problem with random lead times
• (s, S) Policies for a Dynamic Inventory Model with Stochastic Lead Times

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