Modelling imperfect advance demand information and analysis of optimal inventory policies

DOI10.1016/J.EJOR.2005.12.031zbMATH Open1109.90009OpenAlexW2171658129MaRDI QIDQ856283FDOQ856283

Refik Güllü, Tarkan Tan, Nesim Erkip

Publication date: 7 December 2006

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: http://hdl.handle.net/11693/23841

zbMATH Keywords

supply chain managementperiodic reviewinventory/productionadvance demand informationdynamic base-stock policy

Mathematics Subject Classification ID

Management decision making, including multiple objectives (90B50) Inventory, storage, reservoirs (90B05) Production models (90B30)

Cites Work

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• Information Distortion in a Supply Chain: The Bullwhip Effect
• Title not available (Why is that?)
• Inventory Control in a Fluctuating Demand Environment
• Pricing and lead time decisions for make-to-order firms with contingent orders
• Value of Information in Capacitated Supply Chains
• Myopic Policies for Some Inventory Models with Uncertain Demand Distributions
• Bayes Solution to Dynamic Inventory Models Under Unknown Demand Distribution
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• Customer-Order Information, Leadtimes, and Inventories
• Optimal Policies for Multiechelon Inventory Problems with Markov-Modulated Demand
• Optimal Policy for a Multi-Product, Dynamic, Nonstationary Inventory Problem
• Title not available (Why is that?)
• Integrating Replenishment Decisions with Advance Demand Information
• A two-echelon allocation model and the value of information under correlated forecasts and demands
• Purchasing demand information in a stochastic-demand inventory system
• Approximate solutions for a stochastic lot-sizing problem with partial customer-order information
• Improving supply-chain performance by sharing advance demand information
• Adaptive Inventory Control for Nonstationary Demand and Partial Information
• Modeling the Benefits of Sharing Future Demand Information
• Title not available (Why is that?)
• On the value of information in dynamic production/inventory problems under forecast evolution
• The use of advance demand information in a project-based supply chain

Cited In (16)

• Two-period pricing and decision strategies in a two-echelon supply chain under price-dependent demand
• Optimal control policies for an inventory system with commitment lead time
• On the value of information in dynamic production/inventory problems under forecast evolution
• Can accessing much data reshape the theory? Inventory theory under the challenge of data-driven systems
• Exchange Curve and Coverage Analysis Tools for Better Inventory Management: A Case Study
• Inventory management with advance capacity information
• The value of maintenance delay flexibility for improved spare parts inventory management
• The repair kit problem with imperfect advance demand information
• Sharing quality information in a dual-supplier network: a game theoretic perspective
• Capacity reservation and utilization for a manufacturer with uncertain capacity and demand
• `Too little' or `Too late': the timing of supply chain demand collaboration
• A location-allocation heuristic for the capacitated multi-facility Weber problem with probabilistic customer locations
• Improving inventory system performance by selective purchasing of buyers' willingness to wait
• On the tradeoff between optimal order-base-stock levels and demand lead-times
• Discrete approximation heuristics for the capacitated continuous location-allocation problem with probabilistic customer locations
• Integrating Replenishment Decisions with Advance Demand Information

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