Article ID: | iaor19972238 |
Country: | Germany |
Volume: | 18 |
Issue: | 4 |
Start Page Number: | 197 |
End Page Number: | 207 |
Publication Date: | Oct 1996 |
Journal: | OR Spektrum |
Authors: | Silver E.A., Costa D. |
Keywords: | programming: dynamic, heuristics |
This paper is concerned with a multi-period inventory problem where the demand and the supplier capacity of a given key resource are discrete random variables with known probability distribution. The procurement manager has to answer two types of questions: how much supplier quantity to reserve for each period (where all of these reservations have to be made