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Modelling imperfect advance demand information and analysis of optimal inventory policies

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  • Tan, Tarkan
  • Gullu, Refik
  • Erkip, Nesim

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  • Tan, Tarkan & Gullu, Refik & Erkip, Nesim, 2007. "Modelling imperfect advance demand information and analysis of optimal inventory policies," European Journal of Operational Research, Elsevier, vol. 177(2), pages 897-923, March.
    • Handle: RePEc:eee:ejores:v:177:y:2007:i:2:p:897-923
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    8. 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.
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    10. 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.
    11. 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.
    12. Rema Hariharan & Paul Zipkin, 1995. "Customer-Order Information, Leadtimes, and Inventories," Management Science, INFORMS, vol. 41(10), pages 1599-1607, October.
    13. Guillermo Gallego & Özalp Özer, 2001. "Integrating Replenishment Decisions with Advance Demand Information," Management Science, INFORMS, vol. 47(10), pages 1344-1360, October.
    14. Srinagesh Gavirneni & Roman Kapuscinski & Sridhar Tayur, 1999. "Value of Information in Capacitated Supply Chains," Management Science, INFORMS, vol. 45(1), pages 16-24, January.
    15. 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.
    16. 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.
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    Cited by:

    1. Liberopoulos, George, 2008. "On the tradeoff between optimal order-base-stock levels and demand lead-times," European Journal of Operational Research, Elsevier, vol. 190(1), pages 136-155, October.
    2. Dursun, İpek & Akcay, Alp & van Houtum, Geert-Jan, 2024. "How good must failure predictions be to make local spare parts stock superfluous?," International Journal of Production Economics, Elsevier, vol. 267(C).
    3. Cheaitou, Ali & van Delft, Christian & Jemai, Zied & Dallery, Yves, 2014. "Optimal policy structure characterization for a two-period dual-sourcing inventory control model with forecast updating," International Journal of Production Economics, Elsevier, vol. 157(C), pages 238-249.
    4. 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.
    5. Kefeng Xu & Yang Dong & Yu Xia, 2014. "‘Too Little’ or ‘Too Late’: The Timing of Supply Chain Demand Collaboration," Working Papers 0203mss, College of Business, University of Texas at San Antonio.
    6. Choi, Tsan-Ming & Sethi, Suresh, 2010. "Innovative quick response programs: A review," International Journal of Production Economics, Elsevier, vol. 127(1), pages 1-12, September.
    7. 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.
    8. Alım, Muzaffer & Beullens, Patrick, 2022. "Improving inventory system performance by selective purchasing of buyers’ willingness to wait," European Journal of Operational Research, Elsevier, vol. 300(1), pages 124-136.
    9. Zhu, Sha & Jaarsveld, Willem van & Dekker, Rommert, 2020. "Spare parts inventory control based on maintenance planning," Reliability Engineering and System Safety, Elsevier, vol. 193(C).
    10. Y. Boulaksil & J. C. Fransoo & T. Tan, 2017. "Capacity reservation and utilization for a manufacturer with uncertain capacity and demand," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 39(3), pages 689-709, July.
    11. Taher Ahmadi & Zümbül Atan & Ton de Kok & Ivo Adan, 2019. "Optimal control policies for an inventory system with commitment lead time," Naval Research Logistics (NRL), John Wiley & Sons, vol. 66(3), pages 193-212, April.
    12. 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.
    13. M. Jakšič & J.C. Fransoo & T. Tan & A.G. de Kok & B. Rusjan, 2011. "Inventory management with advance capacity information," Naval Research Logistics (NRL), John Wiley & Sons, vol. 58(4), pages 355-369, June.
    14. Xu, Haoxuan & Gong, Yeming (Yale) & Chu, Chengbin & Zhang, Jinlong, 2017. "Dynamic lot-sizing models for retailers with online channels," International Journal of Production Economics, Elsevier, vol. 183(PA), pages 171-184.
    15. 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.
    16. Thiel, Daniel & Hovelaque, Vincent & Vo, Thi Le Hoa, 2009. "Impact of inventory inaccuracy on service-level quality: A simulation analysis," Working Papers 210394, Institut National de la recherche Agronomique (INRA), Departement Sciences Sociales, Agriculture et Alimentation, Espace et Environnement (SAE2).
    17. Erkip, Nesim Kohen, 2023. "Can accessing much data reshape the theory? Inventory theory under the challenge of data-driven systems," European Journal of Operational Research, Elsevier, vol. 308(3), pages 949-959.
    18. Southard, Peter B. & Swenseth, Scott R., 2008. "Evaluating vendor-managed inventory (VMI) in non-traditional environments using simulation," International Journal of Production Economics, Elsevier, vol. 116(2), pages 275-287, December.
    19. Maleva, Tatyana Mikhailovna (Малева, Татьяна Михайловна) & Avraamova, Elena (Авраамова, Елена) & Kirillova, M. K. (Кириллова, М. К.) & Burdyak, Alexandra (Бурдяк, Александра) & Tyndik, Alla (Тындик, А, 2014. "Sociological Monitoring Survey of Wages, Income, Poverty and Social Inequality [Социологическое Мониторинговое Обследование Заработных Плат, Доходов, Бедности И Социального Неравенства]," Published Papers om27, Russian Presidential Academy of National Economy and Public Administration.
    20. Mohammed Hichame Benbitour & Evren Sahin, 2015. "Evaluation of the Impact of Uncertain Advance Demand Information on Production/Inventory Systems," Post-Print hal-01199290, HAL.
    21. Basten, Rob J.I. & Ryan, Jennifer K., 2019. "The value of maintenance delay flexibility for improved spare parts inventory management," European Journal of Operational Research, Elsevier, vol. 278(2), pages 646-657.
    22. Fernando Bernstein & Gregory A. DeCroix, 2015. "Advance Demand Information in a Multiproduct System," Manufacturing & Service Operations Management, INFORMS, vol. 17(1), pages 52-65, February.
    23. Xu, Kefeng & Leung, Mark T., 2009. "Stocking policy in a two-party vendor managed channel with space restrictions," International Journal of Production Economics, Elsevier, vol. 117(2), pages 271-285, February.

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