Optimal Ordering Policy for Inventory Systems with Quantity-Dependent Setup Costs
文献类型：期刊论文
| 作者 | He, Shuangchi1; Yao, Dacheng2 ; Zhang, Hanqin3
|
| 刊名 | MATHEMATICS OF OPERATIONS RESEARCH
 |
| 出版日期 | 2017-11-01 |
| 卷号 | 42期号:4页码:979-1006 |
| 关键词 | stochastic inventory model quantity-dependent setup cost (s, S) policy base stock policy impulse control instantaneous control |
| ISSN号 | 0364-765X |
| DOI | 10.1287/moor.2016.0833 |
| 英文摘要 | We consider a continuous-review inventory system in which the setup cost of each order is a general function of the order quantity and the demand process is modeled as a Brownian motion with a positive drift. Assuming the holding and shortage cost to be a convex function of the inventory level, we obtain the optimal ordering policy that minimizes the long-run average cost by a lower bound approach. To tackle some technical issues in the lower bound approach under the quantity-dependent setup cost assumption, we establish a comparison theorem that enables one to prove the global optimality of a policy by examining a tractable subset of admissible policies. Since the smooth pasting technique does not apply to our Brownian inventory model, we also propose a selection procedure for computing optimal policy parameters when the setup cost is a step function. |
| 资助项目 | MOE AcRF[R-266-000-086-112] ; NUS Global Asia Institute[R-716-000-006-133] ; National Natural Science Foundation of China[11401566] |
| WOS研究方向 | Operations Research & Management Science ; Mathematics |
| 语种 | 英语 |
| WOS记录号 | WOS:000414320800004 |
| 出版者 | INFORMS |
| 源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/26859]  |
| 专题 | 应用数学研究所 |
| 通讯作者 | He, Shuangchi |
| 作者单位 | 1.Natl Univ Singapore, Dept Ind & Syst Engn, Singapore 117576, Singapore 2.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China 3.Natl Univ Singapore, Dept Decis Sci, Singapore 119245, Singapore |
| 推荐引用方式 GB/T 7714 | He, Shuangchi,Yao, Dacheng,Zhang, Hanqin. Optimal Ordering Policy for Inventory Systems with Quantity-Dependent Setup Costs[J]. MATHEMATICS OF OPERATIONS RESEARCH,2017,42(4):979-1006. |
| APA | He, Shuangchi,Yao, Dacheng,&Zhang, Hanqin.(2017).Optimal Ordering Policy for Inventory Systems with Quantity-Dependent Setup Costs.MATHEMATICS OF OPERATIONS RESEARCH,42(4),979-1006. |
| MLA | He, Shuangchi,et al."Optimal Ordering Policy for Inventory Systems with Quantity-Dependent Setup Costs".MATHEMATICS OF OPERATIONS RESEARCH 42.4(2017):979-1006. |
入库方式： OAI收割
来源：数学与系统科学研究院
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