Evaluating the Effectiveness of a New Method for Computing Approximately Optimal (s, S) Inventory Policies

DOI10.1287/OPRE.28.2.353zbMath0425.90023OpenAlexW2093610870MaRDI QIDQ3861132

James R. Freeland, Evan L. Porteus

Publication date: 1980

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/opre.28.2.353

zbMATH Keywords

numerical evaluationcontinuous review modelapproximately optimal (s,S) inventory policies

Mathematics Subject Classification ID

Numerical mathematical programming methods (65K05) Inventory, storage, reservoirs (90B05)

Related Items (10)

Approximating Markov decision processes using expected state transitions ⋮ A Current Taxonomy of Inventory Systems ⋮ New structural properties of inventory models with Polya frequency distributed demand and fixed setup cost ⋮ Dynamic Inventory Control with Fixed Setup Costs and Unknown Discrete Demand Distribution ⋮ Constraint programming for computing non-stationary \((R, S)\) inventory policies ⋮ Heuristic methods and applications: A categorized survey ⋮ On the empirical performance of \((T, s, S)\) heuristics ⋮ Simple approximations for the reorder point in periodic and continuous review (s,S) inventory systems with service level constraints ⋮ Production planning with discounting and stochastic demands ⋮ A dynamic analysis of the single-item periodic stochastic inventory system with order capacity

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