Approaches for periodic inventory control under random production yield and fixed setup cost

In this paper, we study a multi-period inventory control problem with random demand and stochastically proportional production yield. The model includes nonzero processing lead time as well as fixed setup cost for a replenishment order. From prior research, it is evident that the optimal control rul...

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Veröffentlicht in:	OR Spectrum 2018-03, Vol.40 (2), p.449-477
Hauptverfasser:	Kiesmüller, G. P., Inderfurth, K.
Format:	Artikel
Sprache:	eng
Schlagworte:	Business and Management Calculus of Variations and Optimal Control Optimization Inventory control Lead time Mathematical models Numerical analysis Operations Research/Decision Theory Optimal control Problem solving Randomness Regular Article Replenishment Stochastic models
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