Approximation methods in the optimization of a stationary (\(\sigma\) ,S) inventory problem (Q916556)
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scientific article; zbMATH DE number 4154175
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Approximation methods in the optimization of a stationary (\(\sigma\) ,S) inventory problem |
scientific article; zbMATH DE number 4154175 |
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Approximation methods in the optimization of a stationary (\(\sigma\) ,S) inventory problem (English)
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1990
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The authors propose a method for the analysis of multi-commodity inventory systems. The model considered is a periodic review system in which the demand sizes of different items are independent random variables and the control measure is a linear combination of the levels of all commodities. The cost function is minimized leading to a set of optimal ordering rules.
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multi-commodity inventory systems
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periodic review system
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optimal ordering rules
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