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Dynamic Inventory Management with Cash Flow Constraints

文献类型：期刊论文

作者Chao, Xiuli1; Chen, Jia2; Wang, Shouyang2
刊名NAVAL RESEARCH LOGISTICS
出版日期2008-12-01
卷号55期号:8页码:758-768
关键词dynamic inventory management financial constraint base-stock policy
ISSN号0894-069X
DOI10.1002/nav.20322
英文摘要In this article, we consider a classic dynamic inventory control problem of a self-financing retailer who periodically replenishes its stock from a supplier and sells it to the market. The replenishment decisions of the retailer are constrained by cash flow, which is updated periodically following purchasing and sales in each period. Excess demand in each period is lost when insufficient inventory is in stock. The retailer's objective is to maximize its expected terminal wealth at the end of the planning horizon. We characterize the optimal inventory control policy and present a simple algorithm for computing the optimal policies for each period. Conditions are identified under which the optimal control policies are identical across periods. We also present comparative statics results on the optimal control policy. (C) 2008 Wiley Periodicals, Inc. Naval Research Logistics 55: 758-768, 2008
资助项目NSF[CMMI-0800004]
WOS研究方向Operations Research & Management Science
语种英语
WOS记录号WOS:000261359300004
出版者JOHN WILEY & SONS INC
源URL[http://ir.amss.ac.cn/handle/2S8OKBNM/6727]  
专题中国科学院数学与系统科学研究院
通讯作者Chao, Xiuli
作者单位1.Univ Michigan, Dept Ind & Operat Engn, Ann Arbor, MI 48109 USA
2.Chinese Acad Sci, Inst Syst Sci, Beijing 100080, Peoples R China
推荐引用方式
GB/T 7714		 Chao, Xiuli,Chen, Jia,Wang, Shouyang. Dynamic Inventory Management with Cash Flow Constraints[J]. NAVAL RESEARCH LOGISTICS,2008,55(8):758-768.
APA Chao, Xiuli,Chen, Jia,&Wang, Shouyang.(2008).Dynamic Inventory Management with Cash Flow Constraints.NAVAL RESEARCH LOGISTICS,55(8),758-768.
MLA Chao, Xiuli,et al."Dynamic Inventory Management with Cash Flow Constraints".NAVAL RESEARCH LOGISTICS 55.8(2008):758-768.

入库方式： OAI收割

来源：数学与系统科学研究院

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