Modelling imperfect advance demand information and analysis of optimal inventory policies
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Suresh P. Sethi & Feng Cheng, 1997. "Optimality of ( s , S ) Policies in Inventory Models with Markovian Demand," Operations Research, INFORMS, vol. 45(6), pages 931-939, December.
- William S. Lovejoy, 1990. "Myopic Policies for Some Inventory Models with Uncertain Demand Distributions," Management Science, INFORMS, vol. 36(6), pages 724-738, June.
- Katy S. Azoury, 1985. "Bayes Solution to Dynamic Inventory Models Under Unknown Demand Distribution," Management Science, INFORMS, vol. 31(9), pages 1150-1160, September.
- DeCroix, Gregory A. & Mookerjee, Vijay S., 1997. "Purchasing demand information in a stochastic-demand inventory system," European Journal of Operational Research, Elsevier, vol. 102(1), pages 36-57, October.
- Fangruo Chen & Jing-Sheng Song, 2001. "Optimal Policies for Multiechelon Inventory Problems with Markov-Modulated Demand," Operations Research, INFORMS, vol. 49(2), pages 226-234, April.
- Thonemann, U. W., 2002. "Improving supply-chain performance by sharing advance demand information," European Journal of Operational Research, Elsevier, vol. 142(1), pages 81-107, October.
- Easton, Fred F. & Moodie, Douglas R., 1999. "Pricing and lead time decisions for make-to-order firms with contingent orders," European Journal of Operational Research, Elsevier, vol. 116(2), pages 305-318, July.
- James T. Treharne & Charles R. Sox, 2002. "Adaptive Inventory Control for Nonstationary Demand and Partial Information," Management Science, INFORMS, vol. 48(5), pages 607-624, May.
- Jing-Sheng Song & Paul Zipkin, 1993. "Inventory Control in a Fluctuating Demand Environment," Operations Research, INFORMS, vol. 41(2), pages 351-370, April.
- Dellaert, N. P. & Melo, M. T., 2003. "Approximate solutions for a stochastic lot-sizing problem with partial customer-order information," European Journal of Operational Research, Elsevier, vol. 150(1), pages 163-180, October.
- Hau L. Lee & V. Padmanabhan & Seungjin Whang, 1997. "Information Distortion in a Supply Chain: The Bullwhip Effect," Management Science, INFORMS, vol. 43(4), pages 546-558, April.
- Rema Hariharan & Paul Zipkin, 1995. "Customer-Order Information, Leadtimes, and Inventories," Management Science, INFORMS, vol. 41(10), pages 1599-1607, October.
- Guillermo Gallego & Özalp Özer, 2001. "Integrating Replenishment Decisions with Advance Demand Information," Management Science, INFORMS, vol. 47(10), pages 1344-1360, October.
- Srinagesh Gavirneni & Roman Kapuscinski & Sridhar Tayur, 1999. "Value of Information in Capacitated Supply Chains," Management Science, INFORMS, vol. 45(1), pages 16-24, January.
- van Donselaar, Karel & Rock Kopczak, Laura & Wouters, Marc, 2001. "The use of advance demand information in a project-based supply chain," European Journal of Operational Research, Elsevier, vol. 130(3), pages 519-538, May.
- Arthur F. Veinott, Jr., 1965. "Optimal Policy for a Multi-Product, Dynamic, Nonstationary Inventory Problem," Management Science, INFORMS, vol. 12(3), pages 206-222, November.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Kaijie Zhu & Ulrich W. Thonemann, 2004. "Modeling the Benefits of Sharing Future Demand Information," Operations Research, INFORMS, vol. 52(1), pages 136-147, February.
- Guillermo Gallego & Özalp Özer, 2003. "Optimal Replenishment Policies for Multiechelon Inventory Problems Under Advance Demand Information," Manufacturing & Service Operations Management, INFORMS, vol. 5(2), pages 157-175, February.
- Tan, Tarkan & Güllü, Refik & Erkip, Nesim, 2009. "Using imperfect advance demand information in ordering and rationing decisions," International Journal of Production Economics, Elsevier, vol. 121(2), pages 665-677, October.
- Yossi Aviv, 2003. "A Time-Series Framework for Supply-Chain Inventory Management," Operations Research, INFORMS, vol. 51(2), pages 210-227, April.
- Xiangwen Lu & Jing-Sheng Song & Amelia Regan, 2006. "Inventory Planning with Forecast Updates: Approximate Solutions and Cost Error Bounds," Operations Research, INFORMS, vol. 54(6), pages 1079-1097, December.
- Katy S. Azoury & Julia Miyaoka, 2009. "Optimal Policies and Approximations for a Bayesian Linear Regression Inventory Model," Management Science, INFORMS, vol. 55(5), pages 813-826, May.
- Yossi Aviv & Awi Federgruen, 2001. "Design for Postponement: A Comprehensive Characterization of Its Benefits Under Unknown Demand Distributions," Operations Research, INFORMS, vol. 49(4), pages 578-598, August.
- Stephen C. Graves, 1999. "A Single-Item Inventory Model for a Nonstationary Demand Process," Manufacturing & Service Operations Management, INFORMS, vol. 1(1), pages 50-61.
- Rippe, Christoph & Kiesmüller, Gudrun P., 2023. "The repair kit problem with imperfect advance demand information," European Journal of Operational Research, Elsevier, vol. 304(2), pages 558-576.
- Amar Sapra & Van-Anh Truong & Rachel Q. Zhang, 2010. "How Much Demand Should Be Fulfilled?," Operations Research, INFORMS, vol. 58(3), pages 719-733, June.
- Erhan Bayraktar & Michael Ludkovski, 2010.
"Inventory management with partially observed nonstationary demand,"
Annals of Operations Research, Springer, vol. 176(1), pages 7-39, April.
- Erhan Bayraktar & Mike Ludkovski, 2012. "Inventory Management with Partially Observed Nonstationary Demand," Papers 1206.6283, arXiv.org.
- Li, Xiuhui & Wang, Qinan, 2007. "Coordination mechanisms of supply chain systems," European Journal of Operational Research, Elsevier, vol. 179(1), pages 1-16, May.
- Ricardo Montoya & Carlos Gonzalez, 2019. "A Hidden Markov Model to Detect On-Shelf Out-of-Stocks Using Point-of-Sale Data," Manufacturing & Service Operations Management, INFORMS, vol. 21(4), pages 932-948, October.
- Joseph M. Milner & Panos Kouvelis, 2005. "Order Quantity and Timing Flexibility in Supply Chains: The Role of Demand Characteristics," Management Science, INFORMS, vol. 51(6), pages 970-985, June.
- Long Gao & Susan H. Xu & Michael O. Ball, 2012. "Managing an Available-to-Promise Assembly System with Dynamic Short-Term Pseudo-Order Forecast," Management Science, INFORMS, vol. 58(4), pages 770-790, April.
- Tong Wang & Beril L. Toktay, 2008. "Inventory Management with Advance Demand Information and Flexible Delivery," Management Science, INFORMS, vol. 54(4), pages 716-732, April.
- Srinagesh Gavirneni & Sridhar Tayur, 1999. "Managing a Customer Following a Target Reverting Policy," Manufacturing & Service Operations Management, INFORMS, vol. 1(2), pages 157-173.
- Gen Sakoda & Hideki Takayasu & Misako Takayasu, 2019. "Data Science Solutions for Retail Strategy to Reduce Waste Keeping High Profit," Sustainability, MDPI, vol. 11(13), pages 1-30, June.
- Guillermo Gallego & Özalp Özer, 2001. "Integrating Replenishment Decisions with Advance Demand Information," Management Science, INFORMS, vol. 47(10), pages 1344-1360, October.
- Jana Ralfs & Gudrun P. Kiesmüller, 2022. "Inventory management with advance demand information and flexible shipment consolidation," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 44(4), pages 1009-1044, December.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ejores:v:177:y:2007:i:2:p:897-923. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/eor .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.