Stochastic inventory control with partial demand observability
نویسنده
چکیده
منابع مشابه
Joint pricing, inventory, and preservation decisions for deteriorating items with stochastic demand and promotional efforts
This study models a joint pricing, inventory, and preservation decision-making problem for deteriorating items subject to stochastic demand and promotional effort. The generalized price-dependent stochastic demand, time proportional deterioration, and partial backlogging rates are used to model the inventory system. The objective is to find the optimal pricing, replenishment, and preservation t...
متن کامل(Q,r) Stochastic Demand Inventory Model With Exact Number of Cycles
In most stochastic inventory models, such as continuous review models and periodic review models, it has been assumed that the stockout period during a cycle is small enough to be neglected so that the average number of cycles per year can be approximated as D/Q, where D is the average annual demand and Q is the order quantity. This assumption makes the problem more tactable, but it should not ...
متن کامل(Q,r) Stochastic Demand Inventory Model With Exact Number of Cycles
In most stochastic inventory models, such as continuous review models and periodic review models, it has been assumed that the stockout period during a cycle is small enough to be neglected so that the average number of cycles per year can be approximated as D/Q, where D is the average annual demand and Q is the order quantity. This assumption makes the problem more tactable, but it should not ...
متن کاملMulti-item inventory model with probabilistic demand function under permissible delay in payment and fuzzy-stochastic budget constraint: A signomial geometric programming method
This study proposes a new multi-item inventory model with hybrid cost parameters under a fuzzy-stochastic constraint and permissible delay in payment. The price and marketing expenditure dependent stochastic demand and the demand dependent the unit production cost are considered. Shortages are allowed and partially backordered. The main objective of this paper is to determine selling price, mar...
متن کاملValue of Demand Observability for Inventory Control with Markovian Demand and Lost Sales
We present a partially observed Markov decision process model of a single product supply chain system with lost sales, in which a single decision maker selects a replenishment quantity at each decision epoch. Demand is modeled using an exogenous Markov chain, such that the distribution of demand in a period is dependent on the demand level in the prior period. The objective is to maximize expec...
متن کامل