Probabilistic solution and bounds for serial inventory systems with discounted and average costs

DOI10.1002/NAV.20234MaRDI QIDQ5438261zbMATH OpenOpenAlexFDO

Authors Xiuli Chao, Sean X. Zhou

Publication date 23 January 2008

Published in Naval Research Logistics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1002/nav.20234

zbMATH Keywords

average costbounds and heuristicsdiscounted costmulti-echelon inventory systemoptimality of echelon base-stock policies

Mathematics Subject Classification ID

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

Recommendations

• Newsvendor bounds and heuristic for optimal policies in serial supply chains
• Near-optimal echelon-stock (R,nQ) policies in multistage serial systems
• Lower Bounds for Multi-Echelon Stochastic Inventory Systems
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• Average cost single-stage inventory models: an analysis using a vanishing discount approach

Cites work

• Foundations of inventory management

Cited in

(7)

• A typology and literature review on stochastic multi-echelon inventory models
• A new algorithm and a new heuristic for serial supply systems
• Provably near-optimal balancing policies for multi-echelon stochastic inventory control models
• Serial Supply Chains with Economies of Scale: Bounds and Approximations
• Newsvendor bounds and heuristics for serial supply chains with regular and expedited shipping
• Inventory management in a base-stock controlled serial production system with finite storage space
• scientific article; zbMATH DE number 903131 (Why is no real title available?)

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