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

DOI10.1080/00207540500218967zbMath1095.90002MaRDI 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 control; lumpy demand items; maximum issue quantity; opportunistic replenishment

Mathematics Subject Classification ID

90B25: Reliability, availability, maintenance, inspection in operations research

90B05: Inventory, storage, reservoirs

Related Items

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

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