Modelling and computing (Rn, Sn) policies for inventory systems with non-stationary stochastic demand

European Journal of Operational Research

Volumn 174, Issue 1, 2006, Pages 581-599

  Tarim, S Armagan ^a   Kingsman, Brian G ^b  

^a UNIVERSITY COLLEGE CORK   (Ireland)

^b LANCASTER UNIVERSITY   (United Kingdom)

Author keywords

Inventory; Modelling; Non stationary (R, S) policy; Stochastic demand

Indexed keywords

APPROXIMATION THEORY; COST BENEFIT ANALYSIS; INTEGER PROGRAMMING; INVENTORY CONTROL; LINEAR PROGRAMMING; MATHEMATICAL MODELS;

COMPUTING POLICY; NON-STATIONARY POLICY; STOCHASTIC DEMAND;

RANDOM PROCESSES;

EID: 33845251345     PISSN: 03772217     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ejor.2005.01.053     Document Type: Article

References (12)

1. Blackburn J.D., Kropp D.H., and Millen R.A. A comparison of strategies to dampen nervousness in MRP systems. Management Science 32 (1986) 413-429
2. Bookbinder J.H., and Tan J.Y. Strategies for the probabilistic lot-sizing problem with service-level constraints. Management Science 34 (1988) 1096-1108
3. K.M. Brown, A quadratically convergent method for solving simultaneous nonlinear equations. PhD thesis, Purdue University, Lafayette, Ind., 1966.
4. Carlson R.C., Jucker J.V., and Kropp D.H. Less nervous MRP systems: A dynamic economic lot-sizing approach. Management Science 25 (1979) 754-761
5. Heisig G. Comparison of (s, S) and (s, nQ) inventory control rules with respect to planning stability. International Journal of Production Economics 73 (2001) 59-82
6. Inderfurth K. Nervousness in inventory control. OR Spektrum 16 (1994) 113-123
7. Kingsman B.G. Raw materials purchasing: An operational research approach (1985), Pergamon Press, New York
8. De Kok T., and Inderfurth K. Nervousness in inventory management: Comparison of basic control rules. European Journal of Operational Research 103 (1997) 55-82
9. Silver E.A., Pyke D.F., and Peterson R. Inventory management and production planning and scheduling (1998), John Wiley and Sons, New York
10. Sox C.R. Dynamic lot sizing with random demand and non-stationary costs. Operations Research Letters 20 (1997) 155-164
11. Tarim S.A., and Kingsman B.G. The stochastic dynamic production/inventory lot-sizing problem with service-level constraints. International Journal of Production Economics 88 (2004) 105-119
12. Zelen M., and Severo N.C. Probability functions. In: Abromowitz M., and Stegun I.A. (Eds). Handbook of Mathematical Functions, vol. 5, Applied Mathematics Series (1964), US Department of Commerce 925-995