Name
Title | ||
|---|---|---|
Optimal inventory policies for a two-dimensional stochastic inventory model: A numerical investigation |
Abstract | ||
|---|---|---|
•A discrete-time two-item stationary infinite-horizon stochastic inventory policy.•The optimal steady state inventory policy is an extended (s, S) policy.•It consists of 4 regions: no-order, order only item i, i=1,2, and order both items.•The policy is in line with existing results for the deterministic case.•The policy’s structure conforms with the anticipated form for the stochastic case. |
Year | DOI | Venue |
|---|---|---|
2020 | 10.1016/j.cor.2020.104939 | Computers & Operations Research |
Keywords | DocType | Volume |
Dynamic programming,Steady state solution,(s, S) Inventory policy,Set up cost,Joint ordering,Optimal solution | Journal | 119 |
ISSN | Citations | PageRank |
0305-0548 | 0 | 0.34 |
References | Authors | |
0 | 3 | |
Name | Order | Citations | PageRank |
|---|---|---|---|
| Rym M’Hallah | 1 | 0 | 0.34 |
| Lakdere Benkherouf | 2 | 0 | 0.34 |
| Ahmad Al-Kandari | 3 | 0 | 0.34 |