Peeling layers of an onion: Inventory model with multiple delivery modes and forecast updates

被引:50
作者
Sethi, SP [1 ]
Yan, H
Zhang, H
机构
[1] Univ Texas, Sch Management, Richardson, TX 75080 USA
[2] Chinese Univ Hong Kong, Dept Syst Engn & Engn Management, Shatin, Hong Kong, Peoples R China
[3] Acad Sinica, Inst Appl Math, Beijing 100080, Peoples R China
关键词
forecast revisions; inventory models with multiple delivery modes; stochastic optimization; base-stock policy;
D O I
10.1023/A:1014289032243
中图分类号
C93 [管理学]; O22 [运筹学];
学科分类号
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要
This paper is concerned with a periodic review inventory system with fast and slow delivery modes and regular demand forecast updates. At the beginning of each period, on-hand inventory and demand information are updated. At the same time, decisions on how much to order using fast and slow delivery modes are made. Fast and slow orders are delivered at the end of the current and the next periods, respectively. It is shown that there exists an optimal Markov policy and that it is a modified base-stock policy.
引用
收藏
页码:253 / 281
页数:29
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