An Optimal Policy for Nonstationary Inventory Problems with Service Level Constraint

摘要：

This paper considers a general inventory control problem with nonstationary stochastic demand and service level constraint.By analyze the inventory relationship between the decision making periods,a new inventory model is established,which regressively estimate the inventory cost from the last replenishment period to the first.Then a solution algorithm is provided,and the optimal solution has the nonstationary (s,S) form.Comparison with existing method illustrates the optimality of the proposed method.

作者: Jie Yang Hongwei Ding Wei Wang Jin Dong

作者单位: IBM China Research Lab

会议类型: 国际会议

会议名称: 2008 IEEE International Conference on Service Operations and Logistics, and Informatics(IEEE/SOLI’2008)(IEEE服务运作、物流与信息年会)

会议地点: 北京

会议语种:英文

在线出版日期: 2008-10-12（万方平台首次上网日期，不代表论文的发表时间）