Technical note -- Understanding the performance of capped base-stock policies in lost-sales inventory models

DOI10.1287/OPRE.2020.2019MaRDI QIDQ4994142zbMATH OpenOpenAlexFDO

Authors Linwei Xin

Publication date 17 June 2021

Published in Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/opre.2020.2019

zbMATH Keywords

inventorylead timelost salesconstant-order policycapped base-stock policy

Mathematics Subject Classification ID

Approximation methods and heuristics in mathematical programming (90C59) Inventory, storage, reservoirs (90B05)

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Cites work

• A Periodic Review, Production Planning Model with Uncertain Capacity and Uncertain Demand—Optimality of Extended Myopic Policies
• An Inventory Model with Limited Production Capacity and Uncertain Demands I. The Average-Cost Criterion
• An Inventory Model with Limited Production Capacity and Uncertain Demands II. The Discounted-Cost Criterion
• Applied Probability and Queues
• Asymptotic optimality of constant-order policies for lost sales inventory models with large lead times
• Asymptotic optimality of order-up-to policies in lost sales inventory systems
• Big queues.
• Foundations of inventory management
• New policies for the stochastic inventory control problem with two supply sources
• Old and New Methods for Lost-Sales Inventory Systems
• Optimality gap of constant-order policies decays exponentially in the lead time for lost sales models
• Periodic review lost-sales inventory models with compound Poisson demand and constant lead times of any length

Cited in

(5)

• 1.79-approximation algorithms for continuous review single-sourcing lost-sales and dual-sourcing inventory models
• Adaptive robust optimization for lot-sizing under yield uncertainty
• Technical note -- constant-order policies for lost-sales inventory models with random supply functions: asymptotics and heuristic
• Optimality gap of constant-order policies decays exponentially in the lead time for lost sales models
• Asymptotic optimality of constant-order policies for lost sales inventory models with large lead times

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