A New Optimal Policy for Inventory Control problem with Nonstationary Stochastic Demand

摘要：

This paper considers an inventory control problem with multiple-period replenishment lead time and nonstationary stochastic demand,and provides an optimal nonstationary (s,S) policy for this problem.Through analyzing the inventory relationship between consecutive periods,a stochastic dynamic programming model is established,then an optimal solution algorithm is developed,and the solution has the nonstationary (s,S) form.By simulation the performances of the proposed policy and current methods are computed,and the effectiveness of this policy is verified.Then this policy is applied to a real cases study,and application results are given.

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）