Approximation methods in the optimization of a stationary (\(\sigma\) ,S) inventory problem

DOI10.1016/0167-6377(90)90049-BzbMath0703.90025OpenAlexW2089149901MaRDI QIDQ916556

Elsie Sterbin Gottlieb

Publication date: 1990

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

Full work available at URL: https://doi.org/10.1016/0167-6377(90)90049-b

zbMATH Keywords

periodic review systemmulti-commodity inventory systemsoptimal ordering rules

Mathematics Subject Classification ID

Application models in control theory (93C95) Inventory, storage, reservoirs (90B05) Optimal stochastic control (93E20) Applications of Markov chains and discrete-time Markov processes on general state spaces (social mobility, learning theory, industrial processes, etc.) (60J20)

Related Items

On the determination of the control parameters of the optimal can-order policy ⋮ A new algorithm for a multi-item periodic review inventory system

Cites Work

• Unnamed Item
• Probability of Shortage for Erlang Distributed Demand in a $(\sigma ,S)$ Inventory Problem
• Optimality and Computation of (σ, S) Policies in the Multi-Item Infinite Horizon Inventory Problem
• A Class of Multiple Integrals
• Asymptotic Approximations to Ordering Policies in a Stationary $(\sigma ,S)$ Inventory Problem
• A Stationary Analysis of a Multicommodity Inventory System with Interacting Set-Up Costs