Average Cost Optimality in Inventory Models With Dynamic Information Delays

doi:10.1109/TAC.2011.2144650

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	Average Cost Optimality in Inventory Models With Dynamic Information Delays
	Bensoussan, Alain 1; Cakanyildirim, Metin 1; Sethi, Suresh P.1; Wang, Mingzheng 2; Zhang, Hanqin3
	2011-12-01
发表期刊	IEEE TRANSACTIONS ON AUTOMATIC CONTROL
ISSN	0018-9286
卷号	56 期号:12 页码:2863-2876
摘要	Information delays exist when the most recent inventory information available to the Inventory Manager (IM) is dated. In other words, the IM observes only the inventory level that belongs to an earlier period. Such situations are not uncommon, and they arise when it takes a while to process the demand data and pass the results to the IM. In this paper, we establish that the average cost optimal policy is of state-dependent basestock type with respect to the reference inventory position. We show that the optimal base stock depends on the age and the magnitude of the latest observed delay. We illustrate the results by solving an example with delays of 0 and 1, for which we are able to obtain formulas/bounds for the basestock levels.
关键词	Average cost optimality base stock policies dynamic information delays partial observations stochastic inventory
DOI	10.1109/TAC.2011.2144650
语种	英语
WOS研究方向	Automation & Control Systems ; Engineering
WOS类目	Automation & Control Systems ; Engineering, Electrical & Electronic
WOS记录号	WOS:000297806400008
出版者	IEEE-INST ELECTRICAL ELECTRONICS ENGINEERS INC
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/11446
专题	应用数学研究所
通讯作者	Bensoussan, Alain
作者单位	1.Univ Texas Dallas, Sch Management, Richardson, TX 75080 USA 2.Dalian Univ Technol, Sch Management, Dalian 116024, Peoples R China 3.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100080, Peoples R China
推荐引用方式 GB/T 7714	Bensoussan, Alain,Cakanyildirim, Metin,Sethi, Suresh P.,et al. Average Cost Optimality in Inventory Models With Dynamic Information Delays[J]. IEEE TRANSACTIONS ON AUTOMATIC CONTROL,2011,56(12):2863-2876.
APA	Bensoussan, Alain,Cakanyildirim, Metin,Sethi, Suresh P.,Wang, Mingzheng,&Zhang, Hanqin.(2011).Average Cost Optimality in Inventory Models With Dynamic Information Delays.IEEE TRANSACTIONS ON AUTOMATIC CONTROL,56(12),2863-2876.
MLA	Bensoussan, Alain,et al."Average Cost Optimality in Inventory Models With Dynamic Information Delays".IEEE TRANSACTIONS ON AUTOMATIC CONTROL 56.12(2011):2863-2876.