Optimality and Nonoptimality of the Base-stock Policy in Inventory Problems with Multiple Delivery Modes
نویسندگان
چکیده
We present a periodic review inventory model with multiple delivery modes and demand forecast updates. We generalize the notion of the base-stock policy for inventory system with multiple delivery modes. While base-stock policies are optimal for one or two consecutive delivery modes, it is not so otherwise. For multiple consecutive delivery modes, we show that only the fastest two modes have optimal base stocks, and provide simple counter examples to show that the remaining ones do not. We investigate why the base-stock policy is or is not optimal in different situations.
منابع مشابه
Are Base-Stock Policies Optimal in Inventory Problems with Multiple Delivery Modes?
We present a periodic review inventory model with multiple delivery modes. While base-stock policies are optimal for one or two consecutive delivery modes, they are not so otherwise. For multiple consecutive delivery modes, we show that only the fastest two modes have optimal base stocks, and provide a simple counterexample to show that the remaining ones do not. We investigate why the base-sto...
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