The optimality of myopic stocking policies for systems with decreasing purchasing prices

DOI10.1016/S0377-2217(00)00189-2zbMath0989.90007MaRDI QIDQ5943564

Yunzeng Wang

Publication date: 27 September 2001

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

zbMATH Keywords

periodic review systeminventory controlmypic policy

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05)

Related Items (7)

INVENTORY DECISIONS WITH DECREASING PURCHASING COSTS ⋮ Replenishment Policy with Limited Price Information ⋮ Optimal spot market inventory strategies in the presence of cost and price risk ⋮ Joint procurement and demand-side bidding strategies under price volatility ⋮ The capital cost of holding inventory with stochastically mean-reverting purchase price ⋮ Competitive analysis of the online inventory problem ⋮ AN ECONOMIC PRODUCTION LOT SIZE FOR CONTINUOUS DECREASE IN UNIT PRODUCTION COST

Cites Work

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• Optimal myopic policy for a stochastic inventory problem with fixed and proportional backorder costs
• Inventory Models with Cost Changes
• Optimal Ordering Strategies for Announced Price Increases
• Optimal Inventory Policies When Ordering Prices are Random
• Replenishment and Stocking Policies for Inventory Systems with Random Deal Offerings
• The Finite Horizon Nonstationary Stochastic Inventory Problem: Near-Myopic Bounds, Heuristics, Testing
• Periodic Review Production Models with Variable Capacity, Random Yield, and Uncertain Demand
• Myopic Solutions of Affine Dynamic Models
• Optimal Policy for a Multi-Product, Dynamic, Nonstationary Inventory Problem
• Optimality of Myopic Inventory Policies for Several Substitute Products

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