1.79-approximation algorithms for continuous review single-sourcing lost-sales and dual-sourcing inventory models

DOI10.1287/OPRE.2021.2150MaRDI QIDQ5031003zbMATH OpenOpenAlexFDO

Authors Linwei Xin

Publication date 18 February 2022

Published in Operations Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1287/opre.2021.2150

zbMATH Keywords

approximation algorithmasymptotic analysiscapped policycontinuous reviewdual sourcinginventorylost salesoperations and supply chains

Mathematics Subject Classification ID

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

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Cites work

• A 2-approximation algorithm for stochastic inventory control models with lost sales
• A Comparison of the Optimal Costs of Two Canonical Inventory Systems
• A queuing model for an inventory problem
• An (S − 1, S) Inventory System with Emergency Orders
• An analysis of the modified offered-load approximation for the nonstationary Erlang loss model
• Analysis and Algorithms for Service Parts Supply Chains
• Approximation Algorithms for Stochastic Inventory Control Models
• 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
• Asymptotic Solution to an Inverse Problem for a Shared Unbuffered Resource
• Global dual sourcing: tailored base-surge allocation to near- and offshore production
• Inventories with multiple supply sources and networks of queues with overflow bypasses
• Lost-sales inventory theory: a review
• New policies for the stochastic inventory control problem with two supply sources
• Now or Later: A Simple Policy for Effective Dual Sourcing in Capacitated Systems
• Old and New Methods for Lost-Sales Inventory Systems
• On a deterministic approximation of inventory systems with sequential service-level constraints
• Optimal Inventory Under Stochastic Demand with Two Supply Options
• Optimality gap of constant-order policies decays exponentially in the lead time for lost sales models
• Probability inequalities.
• Some Properties of the Erlang Loss Function
• Technical note -- Understanding the performance of capped base-stock policies in lost-sales inventory models
• Typology and literature review on multiple supplier inventory control models

Cited in

(2)

• Technical note -- Understanding the performance of capped base-stock policies in lost-sales inventory models
• Non-crossing vs. independent lead times in a lost-sales inventory system with compound Poisson demand

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