On asymptotic approximations for (s,S) policies

DOI10.1080/07362998708809113zbMath0624.90021OpenAlexW2038078484MaRDI QIDQ3026695

Diptendu Sinha, Izzet Sahin

Publication date: 1987

Published in: Stochastic Analysis and Applications (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1080/07362998708809113

zbMATH Keywords

periodic reviewbackloggingprobabilistic demandoptimal policy approximations(s,S) policy. single itemlinear approximation of the renewal functionzero lead time inventory system

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Applications of renewal theory (reliability, demand theory, etc.) (60K10)

Related Items (2)

Optimal policy estimation for continuous review inventory systems ⋮ ERROR ANALYSIS OF AN APPROXIMATE OPTIMAL POLICY FOR AN INVENTORY SYSTEM WITH STOCHASTIC AND CONTINUOUS DEMANDS

Cites Work

• On approximating the renewal function with its linear asymptote: How large is large enough?
• Bounds, inequalities, and monotonicity properties for some specialized renewal processes
• On sufficient conditions for cost rate function unimodality in periodic review (s,S) inventory models
• An Efficient Algorithm for Computing Optimal (s, S) Policies
• A Revision of the Power Approximation for Computing (s, S) Policies
• Numerical Comparisons of Inventory Policies for Periodic Review Systems
• Clearing Systems and (s, S) Inventory Systems with Nonlinear Costs and Positive Lead Times
• Renewal approximation to optimal order quantity for a class of continuous-review inventory systems
• The Power Approximation for Computing (s, S) Inventory Policies
• On the Tabulation of the Renewal Function
• On the Objective Function Behavior in (s, S) Inventory Models
• Cost Models for Stochastic Clearing Systems
• Computing Optimal (s, S) Inventory Policies

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