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Peeling layers of an onion: Inventory model with multiple delivery modes and forecast updates
Sethi, SP; Yan, H; Zhang, H
2001-02-01
Source PublicationJOURNAL OF OPTIMIZATION THEORY AND APPLICATIONS
ISSN0022-3239
Volume108Issue:2Pages:253-281
AbstractThis paper is concerned with a periodic review inventory system with fast and slow delivery modes and regular demand forecast updates. At the beginning of each period, on-hand inventory and demand information are updated. At the same time, decisions on how much to order using fast and slow delivery modes are made. Fast and slow orders are delivered at the end of the current and the next periods, respectively. It is shown that there exists an optimal Markov policy and that it is a modified base-stock policy.
Keywordforecast revisions inventory models with multiple delivery modes stochastic optimization base-stock policy
Language英语
WOS Research AreaOperations Research & Management Science ; Mathematics
WOS SubjectOperations Research & Management Science ; Mathematics, Applied
WOS IDWOS:000168346100002
PublisherKLUWER ACADEMIC/PLENUM PUBL
Citation statistics
Cited Times:47[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Identifierhttp://ir.amss.ac.cn/handle/2S8OKBNM/15860
Collection中国科学院数学与系统科学研究院
Affiliation1.Univ Texas, Sch Management, Richardson, TX 75080 USA
2.Chinese Univ Hong Kong, Dept Syst Engn & Engn Management, Shatin, Hong Kong, Peoples R China
3.Acad Sinica, Inst Appl Math, Beijing 100080, Peoples R China
Recommended Citation
GB/T 7714
Sethi, SP,Yan, H,Zhang, H. Peeling layers of an onion: Inventory model with multiple delivery modes and forecast updates[J]. JOURNAL OF OPTIMIZATION THEORY AND APPLICATIONS,2001,108(2):253-281.
APA Sethi, SP,Yan, H,&Zhang, H.(2001).Peeling layers of an onion: Inventory model with multiple delivery modes and forecast updates.JOURNAL OF OPTIMIZATION THEORY AND APPLICATIONS,108(2),253-281.
MLA Sethi, SP,et al."Peeling layers of an onion: Inventory model with multiple delivery modes and forecast updates".JOURNAL OF OPTIMIZATION THEORY AND APPLICATIONS 108.2(2001):253-281.
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