Showing 1 - 10 of 12
In this paper an inventory model with several demand classes, prioritised according to importance, is analysed. We … consider a lot-for-lot or (S-1,S) inventory model with lost sales.For each demand class there is a critical stock level at and …
Persistent link: https://www.econbiz.de/10011255557
areinfluenced by the inventory process. In this paper we thereforeput forward a model for consumption, where we rely on …
Persistent link: https://www.econbiz.de/10011255825
In most multi-item inventory systems, the ordering costs consist of a major cost and a minor cost for each item … included. Applying for every individual item a cyclic inventory policy, where the cycle length is a multiple of some basic … discussed in this paper. It is shown that this algorithm can be used for deterministic multi-item inventory problems, with …
Persistent link: https://www.econbiz.de/10011256275
analyze the effect on inventory performance of havingminimum order quantities for the different products in the joint order …, given a complextransportation cost structure. The policies suggested have been tested in a simulation modelwith real data. …
Persistent link: https://www.econbiz.de/10011256276
In this paper we analyse the effect of satisfying in a different way customers with an order larger than a prespecified cutoff transaction size, in a simple newsboy setting.For compound Poisson demand with discrete order sizes, we show how to determine the expected costs and the optimal cutoff...
Persistent link: https://www.econbiz.de/10011257336
In this chapter we discuss a tactical optimisation problem that arises in a multistage distribution system where … marketing process, and a qualitative and quantitative analysis on the implications for the transportation and inventory costs …
Persistent link: https://www.econbiz.de/10011257520
the underlying statistical distributions, a variety of analyticalmethods and simulation-based methods are available. Aside … orhistorical and Monte Carlo simulation methods. Although these approaches to overall VaR estimation have receivedsubstantial … and incremental VaR in either a non-normal analytical setting or a MonteCarlo / historical simulation context.This paper …
Persistent link: https://www.econbiz.de/10011256282
This discussion paper resulted in a publication in <I>Games and Economic Behavior</I> (2014). Volume 86, pages 77-95.<P> Minority games are a stylized description of strategic situations with both coordination and competition. These games are widely studied using either simulations or laboratory...</p></i>
Persistent link: https://www.econbiz.de/10011256405
Adaptive Polar Sampling (APS) is proposed as a Markov chain Monte Carlomethod for Bayesian analysis of models with ill-behaved posteriordistributions. In order to sample efficiently from such a distribution,a location-scale transformation and a transformation to polarcoordinates are used. After...
Persistent link: https://www.econbiz.de/10011256462
not too rare to be found by a reasonable mutation process, and that typical simulation paths take the population from …
Persistent link: https://www.econbiz.de/10011256823