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Optimality of (s, S) Policies in the Infinite Horizon Dynamic Inventory Problem

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Cited by:

  1. Awi Federgruen & Nan Yang, 2014. "Infinite Horizon Strategies for Replenishment Systems with a General Pool of Suppliers," Operations Research, INFORMS, vol. 62(1), pages 141-159, February.
  2. Kenneth J. Arrow & Timothy J. Kehoe, 1994. "Distinguished Fellow: Herbert Scarf's Contributions to Economics," Journal of Economic Perspectives, American Economic Association, vol. 8(4), pages 161-181, Fall.
  3. Hong-Qiao Chen & Xiao-Song Ding & Ji-Hong Zhang & Hua-Yi Li, 2020. "Optimal Production-Inventory Policy for a Periodic-Review Energy Buy-Back System over an Infinite Planning Horizon," Asia-Pacific Journal of Operational Research (APJOR), World Scientific Publishing Co. Pte. Ltd., vol. 37(02), pages 1-32, March.
  4. G. P. Kiesmüller & K. Inderfurth, 2018. "Approaches for periodic inventory control under random production yield and fixed setup cost," OR Spectrum: Quantitative Approaches in Management, Springer;Gesellschaft für Operations Research e.V., vol. 40(2), pages 449-477, March.
  5. Xia, Yang & Zeng, Wenjia & Zhang, Canrong & Yang, Hai, 2023. "A branch-and-price-and-cut algorithm for the vehicle routing problem with load-dependent drones," Transportation Research Part B: Methodological, Elsevier, vol. 171(C), pages 80-110.
  6. Woerner, Stefan & Laumanns, Marco & Zenklusen, Rico & Fertis, Apostolos, 2015. "Approximate dynamic programming for stochastic linear control problems on compact state spaces," European Journal of Operational Research, Elsevier, vol. 241(1), pages 85-98.
  7. Zhang, Alex X., 1996. "Optimal advance payment scheme involving fixed per-payment costs," Omega, Elsevier, vol. 24(5), pages 577-582, October.
  8. Fleischmann, Moritz & Kuik, Roelof, 2003. "On optimal inventory control with independent stochastic item returns," European Journal of Operational Research, Elsevier, vol. 151(1), pages 25-37, November.
  9. Lee, Jun-Yeon & Ren, Louie, 2011. "Vendor-managed inventory in a global environment with exchange rate uncertainty," International Journal of Production Economics, Elsevier, vol. 130(2), pages 169-174, April.
  10. Shi, Ye & Yu, Yugang & Wang, Lizhi, 2015. "Operational impact on the environment: Managing service systems with environmental deterioration," International Journal of Production Economics, Elsevier, vol. 170(PA), pages 310-320.
  11. Olde Keizer, Minou C.A. & Teunter, Ruud H. & Veldman, Jasper, 2017. "Joint condition-based maintenance and inventory optimization for systems with multiple components," European Journal of Operational Research, Elsevier, vol. 257(1), pages 209-222.
  12. Yu Zhang & Vidyadhar Kulkarni, 2018. "Automated Teller Machine Replenishment Policies with Submodular Costs," Manufacturing & Service Operations Management, INFORMS, vol. 20(3), pages 517-530, July.
  13. Chand, Suresh & Li, Jian & Xu, Yanyi, 2016. "A periodic review inventory model with two delivery modes, fractional lead-times, and age-and-period-dependent backlogging costs," International Journal of Production Economics, Elsevier, vol. 173(C), pages 199-206.
  14. Hyun-Soo Ahn & Mehmet Gümüc{s} & Philip Kaminsky, 2009. "Inventory, Discounts, and the Timing Effect," Manufacturing & Service Operations Management, INFORMS, vol. 11(4), pages 613-629, September.
  15. Gah-Yi Ban, 2020. "Confidence Intervals for Data-Driven Inventory Policies with Demand Censoring," Operations Research, INFORMS, vol. 68(2), pages 309-326, March.
  16. Hao Yuan & Qi Luo & Cong Shi, 2021. "Marrying Stochastic Gradient Descent with Bandits: Learning Algorithms for Inventory Systems with Fixed Costs," Management Science, INFORMS, vol. 67(10), pages 6089-6115, October.
  17. Dehaybe, Henri & Catanzaro, Daniele & Chevalier, Philippe, 2024. "Deep Reinforcement Learning for inventory optimization with non-stationary uncertain demand," European Journal of Operational Research, Elsevier, vol. 314(2), pages 433-445.
  18. Qi‐Ming He & James H. Bookbinder & Qishu Cai, 2020. "Optimal policies for stochastic clearing systems with time‐dependent delay penalties," Naval Research Logistics (NRL), John Wiley & Sons, vol. 67(7), pages 487-502, October.
  19. David Easley & Daniel F. Spulber, 1978. "Optimal Policies and Steady-State Solutions for Inventory Problems with Markovian Uncertainty," Discussion Papers 353, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  20. Chiang, Chi, 2013. "A note on periodic review inventory models with stochastic supplier’s visit intervals and fixed ordering cost," International Journal of Production Economics, Elsevier, vol. 146(2), pages 662-666.
  21. Fernando Bernstein & Yang Li & Kevin Shang, 2016. "A Simple Heuristic for Joint Inventory and Pricing Models with Lead Time and Backorders," Management Science, INFORMS, vol. 62(8), pages 2358-2373, August.
  22. Bo Li & Antonio Arreola‐Risa, 2022. "Minimizing conditional value‐at‐risk under a modified basestock policy," Production and Operations Management, Production and Operations Management Society, vol. 31(4), pages 1822-1838, April.
  23. Jia Yan & John Liu, 2008. "Instability of Dynamic Inventory Systems," Working Papers 2008-23, School of Economic Sciences, Washington State University.
  24. Chen Shaoxiang, 2004. "The Optimality of Hedging Point Policies for Stochastic Two-Product Flexible Manufacturing Systems," Operations Research, INFORMS, vol. 52(2), pages 312-322, April.
  25. Tarim, S. Armagan & Smith, Barbara M., 2008. "Constraint programming for computing non-stationary (R, S) inventory policies," European Journal of Operational Research, Elsevier, vol. 189(3), pages 1004-1021, September.
  26. Xin Chen & David Simchi-Levi, 2004. "Coordinating Inventory Control and Pricing Strategies with Random Demand and Fixed Ordering Cost: The Infinite Horizon Case," Mathematics of Operations Research, INFORMS, vol. 29(3), pages 698-723, August.
  27. Guillermo Gallego & Özalp Özer, 2001. "Integrating Replenishment Decisions with Advance Demand Information," Management Science, INFORMS, vol. 47(10), pages 1344-1360, October.
  28. Chen Shaoxiang, 2004. "The Infinite Horizon Periodic Review Problem with Setup Costs and Capacity Constraints: A Partial Characterization of the Optimal Policy," Operations Research, INFORMS, vol. 52(3), pages 409-421, June.
  29. Xie, Xiaolan, 1998. "Stability analysis and optimization of an inventory system with bounded orders," European Journal of Operational Research, Elsevier, vol. 110(1), pages 126-149, October.
  30. Li, Jing-An & Wu, Yue & Lai, Kin Keung & Liu, Ke, 2006. "Optimal ordering policy in a distribution system," International Journal of Production Economics, Elsevier, vol. 103(2), pages 527-534, October.
  31. Xia, Li & Shihada, Basem, 2015. "A Jackson network model and threshold policy for joint optimization of energy and delay in multi-hop wireless networks," European Journal of Operational Research, Elsevier, vol. 242(3), pages 778-787.
  32. Xiang, Mengyuan & Rossi, Roberto & Martin-Barragan, Belen & Tarim, S. Armagan, 2018. "Computing non-stationary (s, S) policies using mixed integer linear programming," European Journal of Operational Research, Elsevier, vol. 271(2), pages 490-500.
  33. Lagodimos, A.G. & Christou, I.T. & Skouri, K., 2012. "Computing globally optimal (s,S,T) inventory policies," Omega, Elsevier, vol. 40(5), pages 660-671.
  34. Li, Xiaoming, 2010. "Optimal inventory policies in decentralized supply chains," International Journal of Production Economics, Elsevier, vol. 128(1), pages 303-309, November.
  35. Linwei Xin & David A. Goldberg, 2016. "Optimality Gap of Constant-Order Policies Decays Exponentially in the Lead Time for Lost Sales Models," Operations Research, INFORMS, vol. 64(6), pages 1556-1565, December.
  36. C. N. Bagley & U. Yaari, 1996. "Financial leverage strategy with transaction costs," Applied Mathematical Finance, Taylor & Francis Journals, vol. 3(3), pages 191-208.
  37. Awi Federgruen & Min Wang, 2015. "Inventory Models with Shelf-Age and Delay-Dependent Inventory Costs," Operations Research, INFORMS, vol. 63(3), pages 701-715, June.
  38. Teunter, Ruud H. & Klein Haneveld, Willem K., 2002. "Inventory control of service parts in the final phase," European Journal of Operational Research, Elsevier, vol. 137(3), pages 497-511, March.
  39. Guan, Yongpei & Liu, Tieming, 2010. "Stochastic lot-sizing problem with inventory-bounds and constant order-capacities," European Journal of Operational Research, Elsevier, vol. 207(3), pages 1398-1409, December.
  40. Syntetos, A.A. & Teunter, R.H. & Babai, M.Z. & Transchel, S., 2016. "On the benefits of delayed ordering," European Journal of Operational Research, Elsevier, vol. 248(3), pages 963-970.
  41. Satya S. Malladi & Alan L. Erera & Chelsea C. White, 2023. "Inventory control with modulated demand and a partially observed modulation process," Annals of Operations Research, Springer, vol. 321(1), pages 343-369, February.
  42. Tunc, Huseyin & Kilic, Onur A. & Tarim, S. Armagan & Eksioglu, Burak, 2011. "The cost of using stationary inventory policies when demand is non-stationary," Omega, Elsevier, vol. 39(4), pages 410-415, August.
  43. Chen, Junlin & Zhao, Xiaobo & Zhou, Yun, 2012. "A periodic-review inventory system with a capacitated backup supplier for mitigating supply disruptions," European Journal of Operational Research, Elsevier, vol. 219(2), pages 312-323.
  44. 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.
  45. Saleh, Mohamed & Oliva, Rogelio & Kampmann, Christian Erik & Davidsen, Pål I., 2010. "A comprehensive analytical approach for policy analysis of system dynamics models," European Journal of Operational Research, Elsevier, vol. 203(3), pages 673-683, June.
  46. Zeynep Müge Avsar & Melike Baykal‐Gürsoy, 2002. "Inventory control under substitutable demand: A stochastic game application," Naval Research Logistics (NRL), John Wiley & Sons, vol. 49(4), pages 359-375, June.
  47. Chan, Gin Hor & Song, Yuyue, 2003. "A dynamic analysis of the single-item periodic stochastic inventory system with order capacity," European Journal of Operational Research, Elsevier, vol. 146(3), pages 529-542, May.
  48. Diks, E. B. & de Kok, A. G. & Lagodimos, A. G., 1996. "Multi-echelon systems: A service measure perspective," European Journal of Operational Research, Elsevier, vol. 95(2), pages 241-263, December.
  49. Gong, Min & Lian, Zhaotong & Xiao, Hua, 2022. "Inventory control policy for perishable products under a buyback contract and Brownian demands," International Journal of Production Economics, Elsevier, vol. 251(C).
  50. C. N. Bagley & D. K. Ghosh & U. Yaari, 1998. "Pecking order as a dynamic leverage theory," The European Journal of Finance, Taylor & Francis Journals, vol. 4(2), pages 157-183.
  51. Linwei Xin & David A. Goldberg, 2018. "Asymptotic Optimality of Tailored Base-Surge Policies in Dual-Sourcing Inventory Systems," Management Science, INFORMS, vol. 64(1), pages 437-452, January.
  52. Noblesse, Ann M. & Boute, Robert N. & Lambrecht, Marc R. & Van Houdt, Benny, 2014. "Lot sizing and lead time decisions in production/inventory systems," International Journal of Production Economics, Elsevier, vol. 155(C), pages 351-360.
  53. Woonghee Tim Huh & Ganesh Janakiraman & Mahesh Nagarajan, 2011. "Average Cost Single-Stage Inventory Models: An Analysis Using a Vanishing Discount Approach," Operations Research, INFORMS, vol. 59(1), pages 143-155, February.
  54. 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.
  55. Luo, Sha & Ahiska, S. Sebnem & Fang, Shu-Cherng & King, Russell E. & Warsing, Donald P. & Wu, Shuohao, 2021. "An analysis of optimal ordering policies for a two-supplier system with disruption risk," Omega, Elsevier, vol. 105(C).
  56. B S Maddah & M Y Jaber & N E Abboud, 2004. "Periodic review (s, S) inventory model with permissible delay in payments," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 55(2), pages 147-159, February.
  57. Awi Federgruen & C. Daniel Guetta & Garud Iyengar, 2018. "Two‐echelon distribution systems with random demands and storage constraints," Naval Research Logistics (NRL), John Wiley & Sons, vol. 65(8), pages 594-618, December.
  58. Simin Zhang & Haiqing Song, 2018. "Production and Distribution Planning in Danone Waters China Division," Interfaces, INFORMS, vol. 48(6), pages 578-590, November.
  59. Perera, Sandun & Janakiraman, Ganesh & Niu, Shun-Chen, 2017. "Optimality of (s, S) policies in EOQ models with general cost structures," International Journal of Production Economics, Elsevier, vol. 187(C), pages 216-228.
  60. Shuangchi He & Dacheng Yao & Hanqin Zhang, 2017. "Optimal Ordering Policy for Inventory Systems with Quantity-Dependent Setup Costs," Mathematics of Operations Research, INFORMS, vol. 42(4), pages 979-1006, November.
  61. Kilic, Onur A. & Tarim, S. Armagan, 2024. "A simple heuristic for computing non-stationary inventory policies based on function approximation," European Journal of Operational Research, Elsevier, vol. 316(3), pages 899-905.
  62. Noblesse, Ann M. & Boute, Robert N. & Lambrecht, Marc R. & Van Houdt, Benny, 2014. "Characterizing order processes of continuous review (s,S) and (r,nQ) policies," European Journal of Operational Research, Elsevier, vol. 236(2), pages 534-547.
  63. Dettenbach, Marcus & Thonemann, Ulrich W., 2015. "The value of real time yield information in multi-stage inventory systems – Exact and heuristic approaches," European Journal of Operational Research, Elsevier, vol. 240(1), pages 72-83.
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