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Inventory models with fixed costs, forecast updates, and two delivery modes
Sethi, SP; Yan, HM; Zhang, HQ
2003-03-01
Source PublicationOPERATIONS RESEARCH
ISSN0030-364X
Volume51Issue:2Pages:321-328
AbstractThis paper is concerned with a periodic review inventory system with fast and slow delivery modes, fixed ordering cost, 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 period and at the end of the next period, respectively. A forecast-update-dependent (s, S)-type policy is shown to be optimal. Also shown are some monotonicity properties of the policy parameters with respect to the costs and information updates.
Language英语
WOS Research AreaBusiness & Economics ; Operations Research & Management Science
WOS SubjectManagement ; Operations Research & Management Science
WOS IDWOS:000182054000011
PublisherINST OPERATIONS RESEARCH MANAGEMENT SCIENCES
Citation statistics
Cited Times:64[WOS]   [WOS Record]     [Related Records in WOS]
Document Type期刊论文
Identifierhttp://ir.amss.ac.cn/handle/2S8OKBNM/18786
Collection中国科学院数学与系统科学研究院
Affiliation1.Univ Texas, Sch Management, Richardson, TX 75083 USA
2.Acad Sinica, Inst Appl Math, Beijing 100080, Peoples R China
Recommended Citation
GB/T 7714
Sethi, SP,Yan, HM,Zhang, HQ. Inventory models with fixed costs, forecast updates, and two delivery modes[J]. OPERATIONS RESEARCH,2003,51(2):321-328.
APA Sethi, SP,Yan, HM,&Zhang, HQ.(2003).Inventory models with fixed costs, forecast updates, and two delivery modes.OPERATIONS RESEARCH,51(2),321-328.
MLA Sethi, SP,et al."Inventory models with fixed costs, forecast updates, and two delivery modes".OPERATIONS RESEARCH 51.2(2003):321-328.
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