Showing 21 - 30 of 36
Persistent link: https://www.econbiz.de/10009845011
Persistent link: https://www.econbiz.de/10009162718
Persistent link: https://www.econbiz.de/10008441429
Sometimes a complex stochastic decision system undertakes multiple tasks called events, and the decision-maker wishes to maximize the chance functions which are defined as the probabilities of satisfying these events. Originally introduced by Liu and Iwamura [B. Liu, K. Iwamura, Modelling...
Persistent link: https://www.econbiz.de/10004973635
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
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
We introduce a novel strategy to address the issue of demand estimation in single-item single-period stochastic inventory optimisation problems. Our strategy analytically combines confidence interval analysis and inventory optimisation. We assume that the decision maker is given a set of past...
Persistent link: https://www.econbiz.de/10011052570
Persistent link: https://www.econbiz.de/10003921325
Persistent link: https://www.econbiz.de/10008652484
Persistent link: https://www.econbiz.de/10009238645