Optimal inventory control of lumpy demand items using (s,S) policies with a maximum issue quantity restriction and opportunistic replenishments

DOI10.1080/00207540500218967zbMath1095.90002OpenAlexW2105632163MaRDI QIDQ5478807

R. H. Hollier, Ka-Fai Cedric Yiu, Kai-Ling Mak

Publication date: 13 July 2006

Published in: International Journal of Production Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1080/00207540500218967

zbMATH Keywords

inventory controllumpy demand itemsmaximum issue quantityopportunistic replenishment

Mathematics Subject Classification ID

Reliability, availability, maintenance, inspection in operations research (90B25) Inventory, storage, reservoirs (90B05)

Related Items (3)

Calculating target inventory levels for constrained production: a fast simulation-based approximation ⋮ Ergodic control for a mean reverting inventory model ⋮ Optimality of \((s,S)\) policies with nonlinear processes

Uses Software

• Genocop

Cites Work

• An efficient optimal solution method for the joint replenishment problem
• Determining Reorder Points When Demand is Lumpy
• Continuous review (s, S) policies for inventory systems incorporating a cutoff transaction size
• Computing optimal ( s, S ) policies for inventory systems with a cut-off transaction size and the option of joint replenishment
• Forecasting and Stock Control for Intermittent Demands

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