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Optimal Policy for a Multi-Product, Dynamic, Nonstationary Inventory Problem

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Cited by:

  1. Zhang, Xiaolong, 2004. "The impact of forecasting methods on the bullwhip effect," International Journal of Production Economics, Elsevier, vol. 88(1), pages 15-27, March.
  2. Kenneth Gilbert, 2005. "An ARIMA Supply Chain Model," Management Science, INFORMS, vol. 51(2), pages 305-310, February.
  3. Woonghee Tim Huh & Paat Rusmevichientong, 2014. "Online Sequential Optimization with Biased Gradients: Theory and Applications to Censored Demand," INFORMS Journal on Computing, INFORMS, vol. 26(1), pages 150-159, February.
  4. Yehuda Bassok & Ravi Anupindi & Ram Akella, 1999. "Single-Period Multiproduct Inventory Models with Substitution," Operations Research, INFORMS, vol. 47(4), pages 632-642, August.
  5. Xu, Ningxiong, 2011. "Myopic optimal policy for a multi-period, two-delivery-lead-times, stochastic inventory problem with minimum cumulative commitment and capacity," International Journal of Production Economics, Elsevier, vol. 133(2), pages 719-727, October.
  6. Tiemessen, H.G.H. & Fleischmann, M. & van Houtum, G.J. & van Nunen, J.A.E.E. & Pratsini, E., 2013. "Dynamic demand fulfillment in spare parts networks with multiple customer classes," European Journal of Operational Research, Elsevier, vol. 228(2), pages 367-380.
  7. Jan A. Van Mieghem & Nils Rudi, 2002. "Newsvendor Networks: Inventory Management and Capacity Investment with Discretionary Activities," Manufacturing & Service Operations Management, INFORMS, vol. 4(4), pages 313-335, August.
  8. Bordley, Robert & Beltramo, Mark & Blumenfeld, Dennis, 1999. "Consolidating distribution centers can reduce lost sales," International Journal of Production Economics, Elsevier, vol. 58(1), pages 57-61, January.
  9. Gregory DeCroix & Jing-Sheng Song & Paul Zipkin, 2005. "A Series System with Returns: Stationary Analysis," Operations Research, INFORMS, vol. 53(2), pages 350-362, April.
  10. Iida, Tetsuo, 2001. "The infinite horizon non-stationary stochastic multi-echelon inventory problem and near-myopic policies," European Journal of Operational Research, Elsevier, vol. 134(3), pages 525-539, November.
  11. Jie Ning & Matthew J. Sobel, 2019. "Easy Affine Markov Decision Processes," Operations Research, INFORMS, vol. 67(6), pages 1719-1737, November.
  12. Hoberg, Kai & Bradley, James R. & Thonemann, Ulrich W., 2007. "Analyzing the effect of the inventory policy on order and inventory variability with linear control theory," European Journal of Operational Research, Elsevier, vol. 176(3), pages 1620-1642, February.
  13. Martinez de Albeniz, Victor & Lago, Alejandro, 2007. "Myopic inventory policies using individual customer arrival information," IESE Research Papers D/719, IESE Business School.
  14. Urban, Timothy L., 2005. "A periodic-review model with serially-correlated, inventory-level-dependent demand," International Journal of Production Economics, Elsevier, vol. 95(3), pages 287-295, March.
  15. Yelland, Phillip M., 2010. "Bayesian forecasting of parts demand," International Journal of Forecasting, Elsevier, vol. 26(2), pages 374-396, April.
  16. Seifert, Ralf W. & Tancrez, Jean-Sébastien & Biçer, Işık, 2016. "Dynamic product portfolio management with life cycle considerations," International Journal of Production Economics, Elsevier, vol. 171(P1), pages 71-83.
  17. Zhang, Xiaolong, 2007. "Inventory control under temporal demand heteroscedasticity," European Journal of Operational Research, Elsevier, vol. 182(1), pages 127-144, October.
  18. Harvey M. Wagner, 2002. "And Then There Were None," Operations Research, INFORMS, vol. 50(1), pages 217-226, February.
  19. Hekimoğlu, Mustafa & van der Laan, Ervin & Dekker, Rommert, 2018. "Markov-modulated analysis of a spare parts system with random lead times and disruption risks," European Journal of Operational Research, Elsevier, vol. 269(3), pages 909-922.
  20. Pal, Brojeswar & Sana, Shib Sankar & Chaudhuri, Kripasindhu, 2012. "Multi-item EOQ model while demand is sales price and price break sensitive," Economic Modelling, Elsevier, vol. 29(6), pages 2283-2288.
  21. Gavirneni, Srinagesh & Bollapragada, Srinivas & E. Morton, Thomas, 1998. "Periodic review stochastic inventory problem with forecast updates: Worst-case bounds for the myopic solution," European Journal of Operational Research, Elsevier, vol. 111(2), pages 381-392, December.
  22. Siawsolit, Chokdee & Gaukler, Gary M., 2021. "Offsetting omnichannel grocery fulfillment cost through advance ordering of perishables," International Journal of Production Economics, Elsevier, vol. 239(C).
  23. Nicholas C. Petruzzi & Maqbool Dada, 1999. "Pricing and the Newsvendor Problem: A Review with Extensions," Operations Research, INFORMS, vol. 47(2), pages 183-194, April.
  24. Xu, Ningxiong, 2008. "Myopic policy for a two-product and multi-period supply contract with different delivery lead times and storage limitation," International Journal of Production Economics, Elsevier, vol. 115(1), pages 179-188, September.
  25. Retsef Levi & Martin Pál & Robin O. Roundy & David B. Shmoys & Ravi Subramanian & Xinxin Hu & Gad Allon & Felipe Caro & Holly S. Lutze, 2005. "The MSOM Society Student Paper Competition: Extended Abstracts of 2004 Winners," Manufacturing & Service Operations Management, INFORMS, vol. 7(1), pages 81-99.
  26. Toktay, Latife Beril, 1970- & Wein, Lawrence M., 1999. "Analysis of a forecasting-production-inventory system with stationary demand," Working papers WP 4070-99., Massachusetts Institute of Technology (MIT), Sloan School of Management.
  27. Chou, Mabel & Sim, Chee-Khian & Yuan, Xue-Ming, 2013. "Optimal policies for inventory systems with two types of product sharing common hardware platforms: Single period and finite horizon," European Journal of Operational Research, Elsevier, vol. 224(2), pages 283-292.
  28. Qing Li & Xiaoli Wu & Ki Ling Cheung, 2009. "Optimal Policies for Inventory Systems with Separate Delivery-Request and Order-Quantity Decisions," Operations Research, INFORMS, vol. 57(3), pages 626-636, June.
  29. Iida, Tetsuo, 2002. "A non-stationary periodic review production-inventory model with uncertain production capacity and uncertain demand," European Journal of Operational Research, Elsevier, vol. 140(3), pages 670-683, August.
  30. L. Beril Toktay & Lawrence M. Wein, 2001. "Analysis of a Forecasting-Production-Inventory System with Stationary Demand," Management Science, INFORMS, vol. 47(9), pages 1268-1281, September.
  31. Matthew J. Sobel & Wei Wei, 2010. "Myopic Solutions of Homogeneous Sequential Decision Processes," Operations Research, INFORMS, vol. 58(4-part-2), pages 1235-1246, August.
  32. Iida, Tetsuo, 1999. "The infinite horizon non-stationary stochastic inventory problem: Near myopic policies and weak ergodicity," European Journal of Operational Research, Elsevier, vol. 116(2), pages 405-422, July.
  33. Agrawal, Sunil & Sengupta, Raghu Nandan & Shanker, Kripa, 2009. "Impact of information sharing and lead time on bullwhip effect and on-hand inventory," European Journal of Operational Research, Elsevier, vol. 192(2), pages 576-593, January.
  34. Siddharth Mahajan & Garrett van Ryzin, 2001. "Stocking Retail Assortments Under Dynamic Consumer Substitution," Operations Research, INFORMS, vol. 49(3), pages 334-351, June.
  35. Cheaitou, Ali & van Delft, Christian, 2013. "Finite horizon stochastic inventory problem with dual sourcing: Near myopic and heuristics bounds," International Journal of Production Economics, Elsevier, vol. 143(2), pages 371-378.
  36. Xin, Linwei & Goldberg, David A., 2021. "Time (in)consistency of multistage distributionally robust inventory models with moment constraints," European Journal of Operational Research, Elsevier, vol. 289(3), pages 1127-1141.
  37. Evan L. Porteus, 2000. "Responsibility Tokens in Supply Chain Management," Manufacturing & Service Operations Management, INFORMS, vol. 2(2), pages 203-219, October.
  38. Yossi Aviv, 2003. "A Time-Series Framework for Supply-Chain Inventory Management," Operations Research, INFORMS, vol. 51(2), pages 210-227, April.
  39. Özalp Özer & Wei Wei, 2004. "Inventory Control with Limited Capacity and Advance Demand Information," Operations Research, INFORMS, vol. 52(6), pages 988-1000, December.
  40. Omar Besbes & Alp Muharremoglu, 2013. "On Implications of Demand Censoring in the Newsvendor Problem," Management Science, INFORMS, vol. 59(6), pages 1407-1424, June.
  41. Manel Baucells & Rakesh K. Sarin, 2019. "The Myopic Property in Decision Models," Decision Analysis, INFORMS, vol. 16(2), pages 128-141, June.
  42. Torpong Cheevaprawatdomrong & Robert L. Smith, 2004. "Infinite Horizon Production Scheduling in Time-Varying Systems Under Stochastic Demand," Operations Research, INFORMS, vol. 52(1), pages 105-115, February.
  43. Noah Gans & Yong-Pin Zhou, 2002. "Managing Learning and Turnover in Employee Staffing," Operations Research, INFORMS, vol. 50(6), pages 991-1006, December.
  44. Wei Huang & Vidyadhar Kulkarni & Jayashankar M. Swaminathan, 2008. "Managing the Inventory of an Item with a Replacement Warranty," Management Science, INFORMS, vol. 54(8), pages 1441-1452, August.
  45. Zhang, Xiaolong & Burke, Gerard J., 2011. "Analysis of compound bullwhip effect causes," European Journal of Operational Research, Elsevier, vol. 210(3), pages 514-526, May.
  46. Gaalman, Gerard & Disney, Stephen M., 2009. "On bullwhip in a family of order-up-to policies with ARMA(2,2) demand and arbitrary lead-times," International Journal of Production Economics, Elsevier, vol. 121(2), pages 454-463, October.
  47. 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.
  48. Holly Lutze & Özalp Özer, 2008. "Promised Lead-Time Contracts Under Asymmetric Information," Operations Research, INFORMS, vol. 56(4), pages 898-915, August.
  49. Guillermo Gallego & Özalp Özer, 2001. "Integrating Replenishment Decisions with Advance Demand Information," Management Science, INFORMS, vol. 47(10), pages 1344-1360, October.
  50. Joel Goh & Melvyn Sim, 2011. "Robust Optimization Made Easy with ROME," Operations Research, INFORMS, vol. 59(4), pages 973-985, August.
  51. Srinivas Bollapragada & Thomas E. Morton, 1999. "Myopic Heuristics for the Random Yield Problem," Operations Research, INFORMS, vol. 47(5), pages 713-722, October.
  52. Li, Qinyun & Disney, Stephen M. & Gaalman, Gerard, 2014. "Avoiding the bullwhip effect using Damped Trend forecasting and the Order-Up-To replenishment policy," International Journal of Production Economics, Elsevier, vol. 149(C), pages 3-16.
  53. Michael J. Fry & Roman Kapuscinski & Tava Lennon Olsen, 2001. "Coordinating Production and Delivery Under a (z, Z)-Type Vendor-Managed Inventory Contract," Manufacturing & Service Operations Management, INFORMS, vol. 3(2), pages 151-173, August.
  54. Xu, Ningxiong, 2009. "Optimal policy for a dynamic, non-stationary, stochastic inventory problem with capacity commitment," European Journal of Operational Research, Elsevier, vol. 199(2), pages 400-408, December.
  55. Van-Anh Truong, 2014. "Approximation Algorithm for the Stochastic Multiperiod Inventory Problem via a Look-Ahead Optimization Approach," Mathematics of Operations Research, INFORMS, vol. 39(4), pages 1039-1056, November.
  56. Özelkan, Ertunga C. & Lim, Churlzu & Adnan, Ziaul Haq, 2018. "Conditions of reverse bullwhip effect in pricing under joint decision of replenishment and pricing," International Journal of Production Economics, Elsevier, vol. 200(C), pages 207-223.
  57. Chuen-Teck See & Melvyn Sim, 2010. "Robust Approximation to Multiperiod Inventory Management," Operations Research, INFORMS, vol. 58(3), pages 583-594, June.
  58. Wang, Yunzeng, 2001. "The optimality of myopic stocking policies for systems with decreasing purchasing prices," European Journal of Operational Research, Elsevier, vol. 133(1), pages 153-159, August.
  59. Özalp Özer, 2003. "Replenishment Strategies for Distribution Systems Under Advance Demand Information," Management Science, INFORMS, vol. 49(3), pages 255-272, March.
  60. Matthew J. Sobel & Rachel Q. Zhang, 2001. "Inventory Policies for Systems with Stochastic and Deterministic Demand," Operations Research, INFORMS, vol. 49(1), pages 157-162, February.
  61. Chew, Ek-Peng & Huang, Huei-Chuen & Johnson, Ellis L. & Nemhauser, George L. & Sokol, Joel S. & Leong, Chun-How, 2006. "Short-term booking of air cargo space," European Journal of Operational Research, Elsevier, vol. 174(3), pages 1979-1990, November.
  62. 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.
  63. Kaijie Zhu & Ulrich W. Thonemann, 2004. "Modeling the Benefits of Sharing Future Demand Information," Operations Research, INFORMS, vol. 52(1), pages 136-147, February.
  64. Choi, Sungyong & Ruszczynski, Andrzej, 2011. "A multi-product risk-averse newsvendor with exponential utility function," European Journal of Operational Research, Elsevier, vol. 214(1), pages 78-84, October.
  65. 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.
  66. Gérard P. Cachon, 2001. "Exact Evaluation of Batch-Ordering Inventory Policies in Two-Echelon Supply Chains with Periodic Review," Operations Research, INFORMS, vol. 49(1), pages 79-98, February.
  67. Susan H. Xu & Zhaolin Li, 2007. "Managing a Single-Product Assemble-to-Order System with Technology Innovations," Management Science, INFORMS, vol. 53(9), pages 1467-1485, September.
  68. 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.
  69. Chao, Gary H., 2013. "Production and availability policies through the Markov Decision Process and myopic methods for contractual and selective orders," European Journal of Operational Research, Elsevier, vol. 225(3), pages 383-392.
  70. Martin A. Lariviere & Evan L. Porteus, 1999. "Stalking Information: Bayesian Inventory Management with Unobserved Lost Sales," Management Science, INFORMS, vol. 45(3), pages 346-363, March.
  71. Martel, Alain & Diaby, Moustapha & Boctor, Fayez, 1995. "Multiple items procurement under stochastic nonstationary demands," European Journal of Operational Research, Elsevier, vol. 87(1), pages 74-92, November.
  72. Xiuli Chao & Xiting Gong & Cong Shi & Chaolin Yang & Huanan Zhang & Sean X. Zhou, 2018. "Approximation Algorithms for Capacitated Perishable Inventory Systems with Positive Lead Times," Management Science, INFORMS, vol. 64(11), pages 5038-5061, November.
  73. 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.
  74. Hariga, Moncer A., 2010. "A single-item continuous review inventory problem with space restriction," International Journal of Production Economics, Elsevier, vol. 128(1), pages 153-158, November.
  75. Retsef Levi & Martin Pál & Robin O. Roundy & David B. Shmoys, 2007. "Approximation Algorithms for Stochastic Inventory Control Models," Mathematics of Operations Research, INFORMS, vol. 32(2), pages 284-302, May.
  76. Liu, Ke & Li, Jing-An & Lai, Kin Keung, 2004. "Single period, single product newsvendor model with random supply shock," European Journal of Operational Research, Elsevier, vol. 158(3), pages 609-625, November.
  77. Ganesh Janakiraman & Sridhar Seshadri & J. George Shanthikumar, 2007. "A Comparison of the Optimal Costs of Two Canonical Inventory Systems," Operations Research, INFORMS, vol. 55(5), pages 866-875, October.
  78. Riezebos, J. & Gaalman, G.J.C., 2009. "A single-item inventory model for expected inventory order crossovers," International Journal of Production Economics, Elsevier, vol. 121(2), pages 601-609, October.
  79. Burak Kazaz & Maqbool Dada & Herbert Moskowitz, 2005. "Global Production Planning Under Exchange-Rate Uncertainty," Management Science, INFORMS, vol. 51(7), pages 1101-1119, July.
  80. Suresh Chand & Vernon Ning Hsu & Suresh Sethi, 2002. "Forecast, Solution, and Rolling Horizons in Operations Management Problems: A Classified Bibliography," Manufacturing & Service Operations Management, INFORMS, vol. 4(1), pages 25-43, September.
  81. Arnab Bisi & Maqbool Dada & Surya Tokdar, 2011. "A Censored-Data Multiperiod Inventory Problem with Newsvendor Demand Distributions," Manufacturing & Service Operations Management, INFORMS, vol. 13(4), pages 525-533, October.
  82. 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.
  83. Matthew J. Sobel & Volodymyr Babich, 2012. "Optimality of Myopic Policies for Dynamic Lot-Sizing Problems in Serial Production Lines with Random Yields and Autoregressive Demand," Operations Research, INFORMS, vol. 60(6), pages 1520-1536, December.
  84. Retsef Levi & Robin O. Roundy & David B. Shmoys & Van Anh Truong, 2008. "Approximation Algorithms for Capacitated Stochastic Inventory Control Models," Operations Research, INFORMS, vol. 56(5), pages 1184-1199, October.
  85. Tetsuo Iida & Paul H. Zipkin, 2006. "Approximate Solutions of a Dynamic Forecast-Inventory Model," Manufacturing & Service Operations Management, INFORMS, vol. 8(4), pages 407-425, October.
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