Article ID: | iaor20101098 |
Volume: | 58 |
Issue: | 1 |
Start Page Number: | 244 |
End Page Number: | 251 |
Publication Date: | Jan 2010 |
Journal: | Operations Research |
Authors: | Huh Woonghee Tim, Nagarajan Mahesh |
In this paper, we propose a simple heuristic approach for the inventory control problem with stochastic demand and multiplicative random yield. Our heuristic tries to find the best candidate within a class of policies that are referred to in the literature as the