Approximation methods in the optimization of a stationary (σà,S) inventory problem

Approximation methods in the optimization of a stationary (σà,S) inventory problem

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Article ID: iaor1991339
Country: Netherlands
Volume: 9
Issue: 2
Start Page Number: 105
End Page Number: 113
Publication Date: Mar 1990
Journal: Operations Research Letters
Authors: ,
Abstract:

A methodology is proposed to analyze a periodic review multicommodity inventory system operating under a given (σ,S) policy in which the demands per period are i.i.d., in order to obtain approximate optimal ordering rules for stock replenishment.

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