Single period stochastic inventory problems with ordering or returns policies
文献类型:期刊论文
作者 | Yao, Zhong1; Liu, Ke2![]() |
刊名 | COMPUTERS & INDUSTRIAL ENGINEERING
![]() |
出版日期 | 2011-09-01 |
卷号 | 61期号:2页码:242-253 |
关键词 | Operational management Newsboy problem Inventory control Numerical analysis |
ISSN号 | 0360-8352 |
DOI | 10.1016/j.cie.2011.01.004 |
英文摘要 | In recent years, there has been an increasing adoption of returns policies in the coordination of the supply chain, where market demand is always assumed to be satisfied by manufacturing or by ordering from suppliers. However, many industries face the important decision of how to balance their inventory level. This problem has long been studied in financial institutions such as banks. This study presents an optimal inventory policy under a given stochastic demand such as a uniformly distributed demand, single-item, and single period review inventory system. The optimal inventory control policy obtained in this study is called a four-point policy: that is, when the entity's inventory level is below a reorder point, the entity must increase his stock level by ordering and order up-to a fixed level (second point); when the entity's inventory level is over a return point (third point); the stock level must be decreased by returns and decreased to a fixed level (fourth point); otherwise, nothing should be done. We also analyze the (K, S)-convex properties of the inventory cost function. (C) 2011 Elsevier Ltd. All rights reserved. |
资助项目 | National Natural Science Foundation of China[70672020] ; National Natural Science Foundation of China[71071006] ; National Natural Science Foundation of China[70521001] ; City University of Hong Kong[7008024] |
WOS研究方向 | Computer Science ; Engineering |
语种 | 英语 |
WOS记录号 | WOS:000295758700002 |
出版者 | PERGAMON-ELSEVIER SCIENCE LTD |
源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/12211] ![]() |
专题 | 应用数学研究所 |
通讯作者 | Yao, Zhong |
作者单位 | 1.BeiHang Univ, Sch Econ & Management, Beijing 100191, Peoples R China 2.Chinese Acad Sci, AMSS, Inst Appl Math, Beijing 100080, Peoples R China 3.City Univ Hong Kong, Dept Management Sci, Hong Kong, Hong Kong, Peoples R China |
推荐引用方式 GB/T 7714 | Yao, Zhong,Liu, Ke,Leung, Stephen C. H.,et al. Single period stochastic inventory problems with ordering or returns policies[J]. COMPUTERS & INDUSTRIAL ENGINEERING,2011,61(2):242-253. |
APA | Yao, Zhong,Liu, Ke,Leung, Stephen C. H.,&Lai, K. K..(2011).Single period stochastic inventory problems with ordering or returns policies.COMPUTERS & INDUSTRIAL ENGINEERING,61(2),242-253. |
MLA | Yao, Zhong,et al."Single period stochastic inventory problems with ordering or returns policies".COMPUTERS & INDUSTRIAL ENGINEERING 61.2(2011):242-253. |
入库方式: OAI收割
来源:数学与系统科学研究院
浏览0
下载0
收藏0
其他版本
除非特别说明,本系统中所有内容都受版权保护,并保留所有权利。