Inventory Models with Fixed Costs, Forecast Updates, and Two Delivery Modes

This 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 f...

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Veröffentlicht in:	Operations research 2003-03, Vol.51 (2), p.321-328
Hauptverfasser:	Sethi, Suresh P, Yan, Houmin, Zhang, Hanqin
Format:	Artikel
Sprache:	eng
Schlagworte:	Analysis Analytical forecasting Convexity Costs Decision making Dynamic programming Dynamic programming: optimality of Fixed costs Forecasting Forecasting models Grants Industrial engineering Inventories Inventory control Inventory/production, stochastic: fix lost, multiple delivery modes, forecast updates Management science Mathematical models Onions Operations research Order quantity Random variables s Studies Supply chains Total costs type policies. Forecasting: updating forecasts over time Unit costs
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