Optimality and nonoptimality of the base-stock policy in inventory problems with multiple delivery modes

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	Optimality and nonoptimality of the base-stock policy in inventory problems with multiple delivery modes
	Feng, Qi ; Sethi, Suresh P.; Yan, Houmin ; Zhang, Hanqin
	2006-02-01
发表期刊	JOURNAL OF INDUSTRIAL AND MANAGEMENT OPTIMIZATION
ISSN	1547-5816
卷号	2 期号:1 页码:19-42
摘要	We present a periodic review inventory model with multiple delivery modes. We generalize the notion of the base-stock policy for inventory systems with multiple delivery modes. While base-stock policies are optimal for one or two consecutive delivery modes, it is not so otherwise. For multiple consecutive delivery modes, we show that only the fastest two modes have optimal base stocks, and provide simple counterexamples to show that the remaining ones do not in general. We investigate why the base-stock policy is not optimal through detailed analyses of two numerical examples.
关键词	inventory base-stock policies multiple delivery modes
语种	英语
WOS研究方向	Engineering ; Operations Research & Management Science ; Mathematics
WOS类目	Engineering, Multidisciplinary ; Operations Research & Management Science ; Mathematics, Interdisciplinary Applications
WOS记录号	WOS:000240983100002
出版者	AMER INST MATHEMATICAL SCIENCES
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/3004
专题	应用数学研究所
通讯作者	Feng, Qi
作者单位	1.Univ Texas, Sch Management, Richardson, TX 75083 USA 2.Chinese Univ Hong Kong, Dept Syst Engn & Engn Management, Shatin, Hong Kong, Peoples R China 3.Acad Sinica, Acad Math & Syst Sci, Inst Appl Math, Beijing 100080, Peoples R China
推荐引用方式 GB/T 7714	Feng, Qi,Sethi, Suresh P.,Yan, Houmin,et al. Optimality and nonoptimality of the base-stock policy in inventory problems with multiple delivery modes[J]. JOURNAL OF INDUSTRIAL AND MANAGEMENT OPTIMIZATION,2006,2(1):19-42.
APA	Feng, Qi,Sethi, Suresh P.,Yan, Houmin,&Zhang, Hanqin.(2006).Optimality and nonoptimality of the base-stock policy in inventory problems with multiple delivery modes.JOURNAL OF INDUSTRIAL AND MANAGEMENT OPTIMIZATION,2(1),19-42.
MLA	Feng, Qi,et al."Optimality and nonoptimality of the base-stock policy in inventory problems with multiple delivery modes".JOURNAL OF INDUSTRIAL AND MANAGEMENT OPTIMIZATION 2.1(2006):19-42.