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» Inventory control under temporal demand heteroscedasticity
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IJSYSC
2008
82views more  IJSYSC 2008»
13 years 4 months ago
Supply-chain modelling and control under proportional inventory-replenishment policies
A novel state-space model of a multi-node supply chain is presented, controlled via local proportional inventory-replenishment policies. The model is driven by a stochastic sequen...
C. I. Papanagnou, G. D. Halikias
CPAIOR
2007
Springer
13 years 10 months ago
Replenishment Planning for Stochastic Inventory Systems with Shortage Cost
One of the most important policies adopted in inventory control is the (R,S) policy (also known as the “replenishment cycle” policy). Under the non-stationary demand assumption...
Roberto Rossi, Armagan Tarim, Brahim Hnich, Steven...
CSCLP
2006
Springer
13 years 8 months ago
Cost-Based Filtering for Stochastic Inventory Control
Abstract. An interesting class of production/inventory control problems considers a single product and a single stocking location, given a stochastic demand with a known non-statio...
Armagan Tarim, Brahim Hnich, Roberto Rossi, Steven...
IOR
2010
112views more  IOR 2010»
13 years 3 months ago
New Policies for the Stochastic Inventory Control Problem with Two Supply Sources
We study an inventory system under periodic review in the presence of two suppliers (or delivery modes). The emergency supplier has a shorter lead-time than the regular supplier, ...
Anshul Sheopuri, Ganesh Janakiraman, Sridhar Sesha...
AUTOMATICA
2006
152views more  AUTOMATICA 2006»
13 years 4 months ago
Simulation-based optimization of process control policies for inventory management in supply chains
A simulation-based optimization framework involving simultaneous perturbation stochastic approximation (SPSA) is presented as a means for optimally specifying parameters of intern...
Jay D. Schwartz, Wenlin Wang, Daniel E. Rivera