A partial characterization of the optimal ordering/rationing policy for a periodic review system with two demand classes and backordering

Naval Research Logistics

Volumn 57, Issue 4, 2010, Pages 330-341

  Chen, Shaoxiang ^a   Xu, Jianjun ^a   Feng, Youyi ^b  

^a NANYANG TECHNOLOGICAL UNIVERSITY   (Singapore)

^b CITY UNIVERSITY OF HONG KONG   (Hong Kong)

Author keywords

Dynamic programming; Inventory rationing; Stochastic models

Indexed keywords

BACKORDERING; DEMAND CLASS; EFFICIENT ALGORITHM; FINITE HORIZONS; FINITE SET; INVENTORY/RATIONING; NUMERICAL EXAMPLE; OPTIMAL ORDERING; OPTIMAL ORDERING POLICY; OPTIMAL POLICIES; OPTIMALITY; ORDERING POLICIES; PARTIAL CHARACTERIZATION; PERIODIC REVIEW; SETUP COSTS; SINGLE PRODUCT; STATE-DEPENDENT; STOCHASTIC DEMAND;

ALGORITHMS; OPTIMIZATION; STOCHASTIC MODELS; STOCHASTIC SYSTEMS;

DYNAMIC PROGRAMMING;

EID: 77953103842     PISSN: 0894069X     EISSN: 15206750     Source Type: Journal    
DOI: 10.1002/nav.20404     Document Type: Review

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