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

DOI10.1080/00207540500218967MaRDI QIDQ5478807zbMATH OpenOpenAlexFDO

Authors 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

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

Recommendations

• Analysis of optimal opportunistic replenishment policies for inventory systems by using a \((s,S)\) model with a maximum issue quantity restriction
• Computing optimal ( s, S ) policies for inventory systems with a cut-off transaction size and the option of joint replenishment
• BEYOND PRIVATE OWNERSHIP IN CENTRAL AND EASTERN EUROPE
• MAXIMUM ISSUE QUANTITY PROBLEM FOR INVENTORY SYSTEMS WHEN DEMAND IS LUMPY
• The determination of optimal partial fill policy for an inventory system with lumpy demand items

Cites work

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

Cited in

(6)

• Ergodic control for a mean reverting inventory model
• Analysis of optimal opportunistic replenishment policies for inventory systems by using a \((s,S)\) model with a maximum issue quantity restriction
• Mathematical model of (R, Q) inventory policy under limited storage space for continuous and periodic review policies with backlog and lost sales
• Calculating target inventory levels for constrained production: a fast simulation-based approximation
• BEYOND PRIVATE OWNERSHIP IN CENTRAL AND EASTERN EUROPE
• Optimality of \((s,S)\) policies with nonlinear processes

Describes a project that uses

Uses Software

• Genocop

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