Cost-Based Filtering Techniques for Stochastic Inventory Control Under Service Level Constraints


TARIM Ş. A. , HNİCH B., Rossi R. , Prestwich S.

CONSTRAINTS, cilt.14, ss.137-176, 2009 (SCI İndekslerine Giren Dergi) identifier identifier

  • Cilt numarası: 14 Konu: 2
  • Basım Tarihi: 2009
  • Doi Numarası: 10.1007/s10601-007-9039-3
  • Dergi Adı: CONSTRAINTS
  • Sayfa Sayıları: ss.137-176

Özet

This paper(1) considers a single product and a single stocking location production/inventory control problem given a non-stationary stochastic demand. Under a widely-used control policy for this type of inventory system, the objective is to find the optimal number of replenishments, their timings and their respective order-up-to-levels that meet customer demands to a required service level. We extend a known CP approach for this problem using three cost-based filtering methods. Our approach can solve to optimality instances of realistic size much more efficiently than previous approaches, often with no search effort at all.