Optimal myopic policy for a stochastic inventory problem with fixed and proportional backorder costs

DOI10.1016/S0377-2217(97)00219-1zbMath0936.90003MaRDI QIDQ1303703

Mahmut Parlar, Sıla Çetinkaya

Publication date: 25 May 2000

Published in: European Journal of Operational Research (Search for Journal in Brave)

zbMATH Keywords

stochastic optimizationmyopic policybase-stock levelstochastic demand inventory problem

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

Related Items (8)

Discussions on the partially backlogging inventory model ⋮ INVENTORY DECISIONS WITH DECREASING PURCHASING COSTS ⋮ Computing a Stationary Base-Stock Policy for a Finite Horizon Stochastic Inventory Problem with Non-linear Shortage Costs ⋮ A One-Time Excess Inventory Disposal Decision Under a Stationary Base-Stock Policy ⋮ The optimality of myopic stocking policies for systems with decreasing purchasing prices ⋮ Approximation of the partially backlogging ratio of inventory models ⋮ Optimal myopic policy for a stochastic inventory problem with fixed and proportional backorder costs ⋮ Optimal supplier inventory control policies when buyer purchase incidence is driven by past service

Cites Work

• Optimal myopic policy for a stochastic inventory problem with fixed and proportional backorder costs
• Stochastic inventory problem with piecewise quadratic holding cost function containing a cost-free interval
• Foreign Currency Inventory Management in a Branch Bank
• The Optimality of (s, S) Policies for a Stochastic Inventory Problem with Proportional and Lump-Sum Penalty Cost
• Myopic Solutions of Markov Decision Processes and Stochastic Games
• Stopped Myopic Policies in Some Inventory Models with Generalized Demand Processes
• On the Opimality of $( {s,S} )$ Inventory Policies: New Conditions and a New Proof
• On the Optimality of Generalized (s, S) Policies
• Optimal Inventory Policy
• The Inventory Problem: I. Case of Known Distributions of Demand
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