IDEAS home Printed from https://ideas.repec.org/r/inm/oropre/v39y1991i4p654-665.html
   My bibliography  Save this item

Finding Optimal (s, S) Policies Is About As Simple As Evaluating a Single Policy

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as


Cited by:

  1. Srinivas Bollapragada & Thomas E. Morton, 1999. "A Simple Heuristic for Computing Nonstationary (s, S) Policies," Operations Research, INFORMS, vol. 47(4), pages 576-584, August.
  2. Sridhar Bashyam & Michael C. Fu, 1998. "Optimization of (s, S) Inventory Systems with Random Lead Times and a Service Level Constraint," Management Science, INFORMS, vol. 44(12-Part-2), pages 243-256, December.
  3. Xie, Ying & Song, Dong-Ping, 2018. "Optimal planning for container prestaging, discharging, and loading processes at seaport rail terminals with uncertainty," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 119(C), pages 88-109.
  4. Nasr, Walid W. & Maddah, Bacel, 2015. "Continuous (s, S) policy with MMPP correlated demand," European Journal of Operational Research, Elsevier, vol. 246(3), pages 874-885.
  5. van Jaarsveld, Willem & Dollevoet, Twan & Dekker, Rommert, 2015. "Improving spare parts inventory control at a repair shop," Omega, Elsevier, vol. 57(PB), pages 217-229.
  6. E A Silver & H Naseraldin & D P Bischak, 2009. "Determining the reorder point and order-up-to-level in a periodic review system so as to achieve a desired fill rate and a desired average time between replenishments," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 60(9), pages 1244-1253, September.
  7. Lagodimos, A.G. & Skouri, K. & Christou, I.T. & Chountalas, P.T., 2018. "The discrete-time EOQ model: Solution and implications," European Journal of Operational Research, Elsevier, vol. 266(1), pages 112-121.
  8. Emöke Bázsa & Peter den Iseger, 2001. "Optimal Continuous Order Quantity (s,s) Policies," Tinbergen Institute Discussion Papers 01-102/4, Tinbergen Institute.
  9. 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.
  10. 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.
  11. Tovey C. Bachman & Pamela J. Williams & Kristen M. Cheman & Jeffrey Curtis & Robert Carroll, 2016. "PNG: Effective Inventory Control for Items with Highly Variable Demand," Interfaces, INFORMS, vol. 46(1), pages 18-32, February.
  12. Xinhui Zhang & Doug Meiser & Yan Liu & Brett Bonner & Lebin Lin, 2014. "Kroger Uses Simulation-Optimization to Improve Pharmacy Inventory Management," Interfaces, INFORMS, vol. 44(1), pages 70-84, February.
  13. Antoine Legrain & Johnathan Patrick, 2022. "Inventory Management Using a Weekly Review ( s , S ) Policy at the Bank of Canada," Interfaces, INFORMS, vol. 52(2), pages 210-225, March.
  14. Chin-Tsai Lin & Hui-Yin Tsai, 2004. "A Note on the Newsboy Model with a Cutoff Transaction Size and Gauss Holding and Penalty Cost Functions," Quality & Quantity: International Journal of Methodology, Springer, vol. 38(2), pages 173-184, April.
  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. Sajadieh, Mohsen S. & Larsen, Christian, 2015. "A coordinated manufacturer-retailer model under stochastic demand and production rate," International Journal of Production Economics, Elsevier, vol. 168(C), pages 64-70.
  17. 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.
  18. Zhou, Bin & Katehakis, Michael N. & Zhao, Yao, 2009. "Managing stochastic inventory systems with free shipping option," European Journal of Operational Research, Elsevier, vol. 196(1), pages 186-197, July.
  19. 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.
  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. Yu‐Sheng Zheng & Fangruo Chen, 1992. "Inventory policies with quantized ordering," Naval Research Logistics (NRL), John Wiley & Sons, vol. 39(3), pages 285-305, April.
  22. Sandun C. Perera & Suresh P. Sethi, 2023. "A survey of stochastic inventory models with fixed costs: Optimality of (s, S) and (s, S)‐type policies—Continuous‐time case," Production and Operations Management, Production and Operations Management Society, vol. 32(1), pages 154-169, January.
  23. Broekmeulen, Rob A.C.M. & Sternbeck, Michael G. & van Donselaar, Karel H. & Kuhn, Heinrich, 2017. "Decision support for selecting the optimal product unpacking location in a retail supply chain," European Journal of Operational Research, Elsevier, vol. 259(1), pages 84-99.
  24. Ma, Xiyuan & Rossi, Roberto & Archibald, Thomas Welsh, 2022. "Approximations for non-stationary stochastic lot-sizing under (s,Q)-type policy," European Journal of Operational Research, Elsevier, vol. 298(2), pages 573-584.
  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. Sven Axsäter, 2001. "A Note on Stock Replenishment and Shipment Scheduling for Vendor-Managed Inventory Systems," Management Science, INFORMS, vol. 47(9), pages 1306-1310, September.
  27. Young Hyeon Yang & Jong Soo Kim, 2020. "An adaptive joint replenishment policy for items with non-stationary demands," Operational Research, Springer, vol. 20(3), pages 1665-1684, September.
  28. Aditya Jain & Harry Groenevelt & Nils Rudi, 2011. "Periodic review inventory management with contingent use of two freight modes with fixed costs," Naval Research Logistics (NRL), John Wiley & Sons, vol. 58(4), pages 400-409, June.
  29. van Jaarsveld, W.L. & Dollevoet, T.A.B., 2011. "Spare parts inventory control for an aircraft component repair shop," Econometric Institute Research Papers EI2011-24, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
  30. 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.
  31. Uday S. Rao, 2003. "Properties of the Periodic Review (R, T) Inventory Control Policy for Stationary, Stochastic Demand," Manufacturing & Service Operations Management, INFORMS, vol. 5(1), pages 37-53, February.
  32. Apurva Jain & Kamran Moinzadeh & Yong-Pin Zhou, 2012. "A Single-Supplier, Multiple-Retailer Model with Single-Season, Multiple-Ordering Opportunities, and Fixed Ordering Cost," Operations Research, INFORMS, vol. 60(5), pages 1098-1110, October.
  33. Chiang, Chi, 2007. "Optimal ordering policies for periodic-review systems with a refined intra-cycle time scale," European Journal of Operational Research, Elsevier, vol. 177(2), pages 872-881, March.
  34. Khouja, Moutaz & Goyal, Suresh, 2008. "A review of the joint replenishment problem literature: 1989-2005," European Journal of Operational Research, Elsevier, vol. 186(1), pages 1-16, April.
  35. Awi Federgruen & Min Wang, 2013. "Monotonicity properties of a class of stochastic inventory systems," Annals of Operations Research, Springer, vol. 208(1), pages 155-186, September.
  36. Bijvank, Marco & Vis, Iris F.A., 2011. "Lost-sales inventory theory: A review," European Journal of Operational Research, Elsevier, vol. 215(1), pages 1-13, November.
  37. Guillermo Gallego, 1998. "New Bounds and Heuristics for (Q, r) Policies," Management Science, INFORMS, vol. 44(2), pages 219-233, February.
  38. Sheng, Xiaoming & Chew, Ek Peng & Lee, Loo Hay, 2015. "(s,S) policy model for liner shipping refueling and sailing speed optimization problem," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 76(C), pages 76-92.
  39. De Moor, Bram J. & Creemers, Stefan & Boute, Robert N., 2023. "Breaking truck dominance in supply chains: Proactive freight consolidation and modal split transport," International Journal of Production Economics, Elsevier, vol. 257(C).
  40. Chew, Ek Peng & Tang, Loon Ching, 1995. "Warehouse-retailer system with stochastic demands -- Non-identical retailer case," European Journal of Operational Research, Elsevier, vol. 82(1), pages 98-110, April.
  41. 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.
  42. Fangruo Chen & Rungson Samroengraja, 2000. "A Staggered Ordering Policy for One-Warehouse, Multiretailer Systems," Operations Research, INFORMS, vol. 48(2), pages 281-293, April.
  43. James Flynn, 2000. "Selecting T for a periodic review inventory model with staggered deliveries," Naval Research Logistics (NRL), John Wiley & Sons, vol. 47(4), pages 329-352, June.
  44. Youyi Feng & Youhua (Frank) Chen, 2011. "TECHNICAL NOTE---A Computational Approach for Optimal Joint Inventory-Pricing Control in an Infinite-Horizon Periodic-Review System," Operations Research, INFORMS, vol. 59(5), pages 1297-1303, October.
  45. Srinagesh Gavirneni, 2002. "Information Flows in Capacitated Supply Chains with Fixed Ordering Costs," Management Science, INFORMS, vol. 48(5), pages 644-651, May.
  46. 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.
  47. Mak, K. L. & Lai, K. K. & Ng, W. C. & Yiu, K. F. C., 2005. "Analysis of optimal opportunistic replenishment policies for inventory systems by using a (s,S) model with a maximum issue quantity restriction," European Journal of Operational Research, Elsevier, vol. 166(2), pages 385-405, October.
  48. Hollier, R. H. & Mak, K. L. & Lam, C. L., 1996. "An inventory model for items with demands satisfied from stock or by special deliveries," International Journal of Production Economics, Elsevier, vol. 42(3), pages 229-236, April.
  49. Li, Xiaoming, 2010. "Optimal inventory policies in decentralized supply chains," International Journal of Production Economics, Elsevier, vol. 128(1), pages 303-309, November.
  50. Johansen, Søren Glud, 2019. "Emergency orders in the periodic-review inventory system with fixed ordering costs and stochastic lead times for normal orders," International Journal of Production Economics, Elsevier, vol. 209(C), pages 205-214.
  51. Huang, Boray & Wu, Andy, 2017. "Reduce shortage with self-reservation policy for a manufacturer paying both fixed and variable stockout expenditure," European Journal of Operational Research, Elsevier, vol. 262(3), pages 944-953.
  52. 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.
  53. 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.
  54. Banerjee, Snehamay & Banerjee, Avijit & Burton, Jonathan & Bistline, William, 2001. "Controlled partial shipments in two-echelon supply chain networks: a simulation study," International Journal of Production Economics, Elsevier, vol. 71(1-3), pages 91-100, May.
  55. Benjamin Lev, 2002. "Book Reviews," Interfaces, INFORMS, vol. 32(1), pages 93-106, February.
  56. Zhou, Bin & Zhao, Yao & Katehakis, Michael N., 2007. "Effective control policies for stochastic inventory systems with a minimum order quantity and linear costs," International Journal of Production Economics, Elsevier, vol. 106(2), pages 523-531, April.
  57. 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.
  58. D. Beyer & S. P. Sethi, 1999. "The Classical Average-Cost Inventory Models of Iglehart and Veinott–Wagner Revisited," Journal of Optimization Theory and Applications, Springer, vol. 101(3), pages 523-555, June.
  59. Banerjee, Avijit & Burton, Jonathan & Banerjee, Snehamay, 1996. "Heuristic production triggering mechanisms under discrete unequal inventory withdrawals," International Journal of Production Economics, Elsevier, vol. 45(1-3), pages 83-90, August.
  60. Bazsa-Oldenkamp, E.M. & den Iseger, P., 2003. "Optimal continuous order quantity (s,S) policies - the 45-degrees algorithm," Econometric Institute Research Papers EI 2002-47, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
  61. Qiang Liu & Xinhui Zhang & Yan Liu & Lebin Lin, 2013. "Spreadsheet Inventory Simulation and Optimization Models and Their Application in a National Pharmacy Chain," INFORMS Transactions on Education, INFORMS, vol. 14(1), pages 13-25, September.
  62. Eric Logan Huggins & Tava Lennon Olsen, 2010. "Inventory Control with Generalized Expediting," Operations Research, INFORMS, vol. 58(5), pages 1414-1426, October.
  63. Van Foreest, Nicky D. & Kilic, Onur A., 2023. "An intuitive approach to inventory control with optimal stopping," European Journal of Operational Research, Elsevier, vol. 311(3), pages 921-924.
  64. Chiang, Chi, 2006. "Optimal ordering policies for periodic-review systems with replenishment cycles," European Journal of Operational Research, Elsevier, vol. 170(1), pages 44-56, April.
  65. 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.
  66. Sandun C. Perera & Suresh P. Sethi, 2023. "A survey of stochastic inventory models with fixed costs: Optimality of (s, S) and (s, S)‐type policies—Discrete‐time case," Production and Operations Management, Production and Operations Management Society, vol. 32(1), pages 131-153, January.
  67. D. Beyer & S. P. Sethi, 1997. "Average Cost Optimality in Inventory Models with Markovian Demands," Journal of Optimization Theory and Applications, Springer, vol. 92(3), pages 497-526, March.
  68. Kwak, Jin Kyung & Gavirneni, Srinagesh, 2011. "Retailer policy, uncertainty reduction, and supply chain performance," International Journal of Production Economics, Elsevier, vol. 132(2), pages 271-278, August.
  69. Kumar Muthuraman & Sridhar Seshadri & Qi Wu, 2015. "Inventory Management with Stochastic Lead Times," Mathematics of Operations Research, INFORMS, vol. 40(2), pages 302-327, February.
  70. Tamer Boyacı & Guillermo Gallego, 2002. "Managing waiting times of backordered demands in single‐stage (Q, r) inventory systems," Naval Research Logistics (NRL), John Wiley & Sons, vol. 49(6), pages 557-573, September.
  71. Bylka, S. & Komar, J., 1996. "Inventory model with two stocks," International Journal of Production Economics, Elsevier, vol. 45(1-3), pages 361-368, August.
  72. Zhu, Han & Liu, Xing & Chen, Youhua (Frank), 2015. "Effective inventory control policies with a minimum order quantity and batch ordering," International Journal of Production Economics, Elsevier, vol. 168(C), pages 21-30.
  73. Huaxiao Shen & Tian Tian & Han Zhu, 2019. "A Two-Echelon Inventory System with a Minimum Order Quantity Requirement," Sustainability, MDPI, vol. 11(18), pages 1-22, September.
  74. Larsen, Christian, 2019. "A heuristic joint replinishment policy for the case of heterogeneity among items," International Journal of Production Economics, Elsevier, vol. 209(C), pages 164-171.
  75. F. G. Badía & C. Sangüesa, 2015. "Inventory models with nonlinear shortage costs and stochastic lead times; applications of shape properties of randomly stopped counting processes," Naval Research Logistics (NRL), John Wiley & Sons, vol. 62(5), pages 345-356, August.
  76. Kaj Rosling, 2002. "Inventory Cost Rate Functions with Nonlinear Shortage Costs," Operations Research, INFORMS, vol. 50(6), pages 1007-1017, December.
  77. Bazsa-Oldenkamp, E.M. & den Iseger, P., 2002. "Optimal continuous order quantity (s,S) policies; the 45-degrees algorithm," Econometric Institute Research Papers EI 2002-47, Erasmus University Rotterdam, Erasmus School of Economics (ESE), Econometric Institute.
  78. 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).
  79. 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.
  80. 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.
  81. Nir Halman & Diego Klabjan & Mohamed Mostagir & Jim Orlin & David Simchi-Levi, 2009. "A Fully Polynomial-Time Approximation Scheme for Single-Item Stochastic Inventory Control with Discrete Demand," Mathematics of Operations Research, INFORMS, vol. 34(3), pages 674-685, August.
  82. Chen, Frank Y. & Krass, Dmitry, 2001. "Inventory models with minimal service level constraints," European Journal of Operational Research, Elsevier, vol. 134(1), pages 120-140, October.
  83. Larsen, Christian, 2009. "The Q(s,S) control policy for the joint replenishment problem extended to the case of correlation among item-demands," International Journal of Production Economics, Elsevier, vol. 118(1), pages 292-297, March.
  84. Johansen, Søren Glud & Thorstenson, Anders, 2014. "Emergency orders in the periodic-review inventory system with fixed ordering costs and compound Poisson demand," International Journal of Production Economics, Elsevier, vol. 157(C), pages 147-157.
  85. SPRINGAEL, Johan & VAN NIEUWENHUYSE, Inneke, 2006. "On the sum of independent zero-truncated Poisson random variables," Working Papers 2006011, University of Antwerp, Faculty of Business and Economics.
  86. Nielsen, Christina & Larsen, Christian, 2005. "An analytical study of the Q(s,S) policy applied to the joint replenishment problem," European Journal of Operational Research, Elsevier, vol. 163(3), pages 721-732, June.
  87. Qi, Lian, 2013. "A continuous-review inventory model with random disruptions at the primary supplier," European Journal of Operational Research, Elsevier, vol. 225(1), pages 59-74.
  88. S. Viswanathan, 2007. "An Algorithm for Determining the Best Lower Bound for the Stochastic Joint Replenishment Problem," Operations Research, INFORMS, vol. 55(5), pages 992-996, October.
  89. Chen, Zhen & Rossi, Roberto, 2021. "A dynamic ordering policy for a stochastic inventory problem with cash constraints," Omega, Elsevier, vol. 102(C).
  90. Johansen, Soren Glud & Thorstenson, Anders, 1996. "Optimal (r, Q) inventory policies with Poisson demands and lost sales: discounted and undiscounted cases," International Journal of Production Economics, Elsevier, vol. 46(1), pages 359-371, December.
  91. Baker, H. & Ehrhardt, R., 1995. "A dynamic inventory model with random replenishment quantities," Omega, Elsevier, vol. 23(1), pages 109-116, February.
  92. 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.
  93. Dural-Selcuk, Gozdem & Rossi, Roberto & Kilic, Onur A. & Tarim, S. Armagan, 2020. "The benefit of receding horizon control: Near-optimal policies for stochastic inventory control," Omega, Elsevier, vol. 97(C).
  94. 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.
IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.