Optimizing (s, S) policies for multi-period inventory models with demand distribution uncertainty: Robust dynamic programming approaches

Optimizing (s, S) policies for multi-period inventory models with demand distribution uncertainty: Robust dynamic programming approaches

We consider a finite-horizon single-product periodic-review inventory managementproblem with demand distribution uncertainty. We formulate the problemas a dynamic program and prove the existence of an optimal (s, S) policy. Thecorresponding dynamic robust counterpart models are then developed for th...

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Bibliographic Details
Main Authors: QIU, Ruozhen, SUN, Minghe, LIM, Yun Fong
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2017
Subjects:
inventory
periodic-review (s
S) policy
robust optimization
demand distribution uncertainty
dynamic programming
Operations and Supply Chain Management
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/5110
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6109/viewcontent/yflim_EJOR2017_complete.pdf
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Institution: Singapore Management University
Language: English

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https://ink.library.smu.edu.sg/lkcsb_research/5110
https://ink.library.smu.edu.sg/context/lkcsb_research/article/6109/viewcontent/yflim_EJOR2017_complete.pdf

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