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In this paper we address the general multi-period production/inventory problem with non-stationary stochastic demand and supplier lead-time under service level constraints. A replenishment cycle policy (Rn,Sn) is modeled, where Rn is the nth replenishment cycle length and Sn is the respective...
Persistent link: https://www.econbiz.de/10008869564
In this work we propose an efficient dynamic programming approach for computing replenishment cycle policy parameters under non-stationary stochastic demand and service level constraints. The replenishment cycle policy is a popular inventory control policy typically employed for dampening...
Persistent link: https://www.econbiz.de/10009146255