Production-inventory systems with imperfect advance demand information and updating

DOI10.1002/nav.20443zbMath1209.90015OpenAlexW2115362632MaRDI QIDQ5392801

Saif Benjaafar, William L. Cooper, Setareh Mardan

Publication date: 14 April 2011

Published in: Naval Research Logistics (NRL) (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1002/nav.20443

zbMATH Keywords

advance demand informationcontinuous-time Markov decision processesmake-to-stock queuesproduction-inventory systems

Mathematics Subject Classification ID

Production models (90B30) Inventory, storage, reservoirs (90B05) Markov and semi-Markov decision processes (90C40)

Related Items (12)

Inventory Models with Shelf-Age and Delay-Dependent Inventory Costs ⋮ An integrated replenishment and production control policy under inventory inaccuracy and time-delay ⋮ The repair kit problem with imperfect advance demand information ⋮ Improving inventory system performance by selective purchasing of buyers' willingness to wait ⋮ Knowledge You Can Act on: Optimal Policies for Assembly Systems with Expediting and Advance Demand Information ⋮ Managing production-inventory-maintenance systems with condition monitoring ⋮ A CONTINUOUS REVIEW MODEL WITH GENERAL SHELF AGE AND DELAY-DEPENDENT INVENTORY COSTS ⋮ Joint dynamic pricing and capacity control for hotels and rentals with advanced demand information ⋮ Reservation policies of advance orders in the presence of multiple demand classes ⋮ On the tradeoff between optimal order-base-stock levels and demand lead-times ⋮ Optimal production and inventory rationing policies with selective-information sharing and two demand classes ⋮ Optimal control policies for an inventory system with commitment lead time

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