中国科学院机构知识库网格
Chinese Academy of Sciences Institutional Repositories Grid
Single period stochastic inventory problems with ordering or returns policies

文献类型:期刊论文

作者Yao, Zhong1; Liu, Ke2; Leung, Stephen C. H.3; Lai, K. K.3
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
DOI10.1016/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

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