Name
Title | ||
|---|---|---|
An integrated replenishment and production control policy under inventory inaccuracy and time-delay. |
Abstract | ||
|---|---|---|
•We model the robust control problem a production/inventory system with inaccurate inventory records and time-delay.•A simplified optimal replenishment and production control policy is constructed based on dynamic programming.•A robust replenishment and production control policy is developed based on the probability distribution of inventory level.•Numerical experiments indicate that the proposed robust policy performances well in hedging against inventory inaccuracy. |
Year | DOI | Venue |
|---|---|---|
2017 | 10.1016/j.cor.2017.06.014 | Computers & Operations Research |
Keywords | Field | DocType |
Inventory inaccuracy,Optimal production control,Inventory control,Dynamic programming | Dynamic programming,Mathematical optimization,Production control,Conditional probability,Inventory theory,Holding cost,Conditional expectation,Cycle count,Operations research,Inventory control,Mathematics | Journal |
Volume | Issue | ISSN |
88 | C | 0305-0548 |
Citations | PageRank | References |
0 | 0.34 | 19 |
Authors | ||
2 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Ming Li | 1 | 5595 | 829.00 |
| Zheng Wang | 2 | 64 | 12.16 |