A Single-Unit Decomposition Approach to Multiechelon Inventory Systems

A Single-Unit Decomposition Approach to Multiechelon Inventory Systems

We show the optimality of state-dependent echelon base-stock policies in uncapacitated serial inventory systems with Markov-modulated demand and Markov-modulated stochastic lead times in the absence of order crossing. Our results cover finite-time horizon problems as well as infinite-time horizon formulations, with either a discounted or an average cost criterion. We employ a novel approach, ba...

A Single-Unit Decomposition Approach to Multi-Echelon Inventory

We show the optimality of state dependent echelon base stock policies in uncapacitated serial inventory systems with Markov modulated demand and Markov modulated stochastic leadtimes in the absence of order crossing. Our results cover finite time horizon problems as well as infinite time horizon formulations, with either a discounted or an average cost criterion. We employ a novel approach, bas...

Electronic Companion — “ A Single - Unit Decomposition Approach to Multi - Echelon Inventory Systems ” by Alp Muharremoglu and

Decomposition Approach to Serial Inventory Systems under Uncertainties

A Multiechelon Inventory Problem with Secondary Market Sales

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