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Effective control policies for stochastic inventory systems with a minimum order quantity and linear costs

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  • Zhou, Bin
  • Zhao, Yao
  • Katehakis, Michael N.

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  • Zhou, Bin & Zhao, Yao & Katehakis, Michael N., 2007. "Effective control policies for stochastic inventory systems with a minimum order quantity and linear costs," International Journal of Production Economics, Elsevier, vol. 106(2), pages 523-531, April.
    • Handle: RePEc:eee:proeco:v:106:y:2007:i:2:p:523-531
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    1. Marshall Fisher & Ananth Raman, 1996. "Reducing the Cost of Demand Uncertainty Through Accurate Response to Early Sales," Operations Research, INFORMS, vol. 44(1), pages 87-99, February.
    2. Arthur F. Veinott, Jr. & Harvey M. Wagner, 1965. "Computing Optimal (s, S) Inventory Policies," Management Science, INFORMS, vol. 11(5), pages 525-552, March.
    3. Michael H. Veatch & Lawrence M. Wein, 1996. "Scheduling a Make-To-Stock Queue: Index Policies and Hedging Points," Operations Research, INFORMS, vol. 44(4), pages 634-647, August.
    4. Yu-Sheng Zheng & A. Federgruen, 1991. "Finding Optimal (s, S) Policies Is About As Simple As Evaluating a Single Policy," Operations Research, INFORMS, vol. 39(4), pages 654-665, August.
    5. Arthur F. Veinott, Jr., 1966. "The Status of Mathematical Inventory Theory," Management Science, INFORMS, vol. 12(11), pages 745-777, July.
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    Cited by:

    1. Shiyu Liu & Ou Liu & Xiaoming Jiang, 2023. "An Efficient Algorithm for the Joint Replenishment Problem with Quantity Discounts, Minimum Order Quantity and Transport Capacity Constraints," Mathematics, MDPI, vol. 11(4), pages 1-18, February.
    2. Jong Soo Kim & Eunhee Jeon & Jiseong Noh & Jun Hyeong Park, 2018. "A Model and an Algorithm for a Large-Scale Sustainable Supplier Selection and Order Allocation Problem," Mathematics, MDPI, vol. 6(12), pages 1-19, December.
    3. Zhou, Bin & Katehakis, Michael N. & Zhao, Yao, 2009. "Managing stochastic inventory systems with free shipping option," European Journal of Operational Research, Elsevier, vol. 196(1), pages 186-197, July.
    4. Hellion, Bertrand & Mangione, Fabien & Penz, Bernard, 2012. "A polynomial time algorithm to solve the single-item capacitated lot sizing problem with minimum order quantities and concave costs," European Journal of Operational Research, Elsevier, vol. 222(1), pages 10-16.
    5. Han Wu & Gerald Evans & Ki-Hwan Bae, 2016. "Production control in a complex production system using approximate dynamic programming," International Journal of Production Research, Taylor & Francis Journals, vol. 54(8), pages 2419-2432, April.
    6. Bin Zhou, 2016. "Lean principles, practices, and impacts: a study on small and medium-sized enterprises (SMEs)," Annals of Operations Research, Springer, vol. 241(1), pages 457-474, June.
    7. Han Zhu, 2022. "A simple heuristic policy for stochastic inventory systems with both minimum and maximum order quantity requirements," Annals of Operations Research, Springer, vol. 309(1), pages 347-363, February.
    8. Okhrin, Irena & Richter, Knut, 2011. "The linear dynamic lot size problem with minimum order quantity," International Journal of Production Economics, Elsevier, vol. 133(2), pages 688-693, October.
    9. Wang, Xun & Disney, Stephen M. & Ponte, Borja, 2023. "On the stationary stochastic response of an order-constrained inventory system," European Journal of Operational Research, Elsevier, vol. 304(2), pages 543-557.
    10. Muriel, Ana & Chugh, Tammana & Prokle, Michael, 2022. "Efficient algorithms for the joint replenishment problem with minimum order quantities," European Journal of Operational Research, Elsevier, vol. 300(1), pages 137-150.
    11. Klosterhalfen, Steffen T. & Holzhauer, Falk & Fleischmann, Moritz, 2018. "Control of a continuous production inventory system with production quantity restrictions," European Journal of Operational Research, Elsevier, vol. 268(2), pages 569-581.
    12. Okhrin, Irena & Richter, Knut, 2011. "An O(T3) algorithm for the capacitated lot sizing problem with minimum order quantities," European Journal of Operational Research, Elsevier, vol. 211(3), pages 507-514, June.
    13. Becerril-Arreola, Rafael & Leng, Mingming & Parlar, Mahmut, 2013. "Online retailers’ promotional pricing, free-shipping threshold, and inventory decisions: A simulation-based analysis," European Journal of Operational Research, Elsevier, vol. 230(2), pages 272-283.
    14. Nihan Kabadayı & Timur Keskintürk, 2015. "Comparison Of Periodic-Review Inventory Control Policies In A Serial Supply Chain," Alphanumeric Journal, Bahadir Fatih Yildirim, vol. 3(2), pages 27-34, December.
    15. Kiesmüller, G.P. & de Kok, A.G. & Dabia, S., 2011. "Single item inventory control under periodic review and a minimum order quantity," International Journal of Production Economics, Elsevier, vol. 133(1), pages 280-285, September.
    16. Zhu, Han & Liu, Xing & Chen, Youhua (Frank), 2015. "Effective inventory control policies with a minimum order quantity and batch ordering," International Journal of Production Economics, Elsevier, vol. 168(C), pages 21-30.
    17. Huaxiao Shen & Tian Tian & Han Zhu, 2019. "A Two-Echelon Inventory System with a Minimum Order Quantity Requirement," Sustainability, MDPI, vol. 11(18), pages 1-22, September.
    18. Rayna, Thierry & Striukova, Ludmila, 2021. "Assessing the effect of 3D printing technologies on entrepreneurship: An exploratory study," Technological Forecasting and Social Change, Elsevier, vol. 164(C).
    19. Perera, Sandun & Janakiraman, Ganesh & Niu, Shun-Chen, 2017. "Optimality of (s, S) policies in EOQ models with general cost structures," International Journal of Production Economics, Elsevier, vol. 187(C), pages 216-228.
    20. Evrim Ursavas, 2022. "Priority control of berth allocation problem in container terminals," Annals of Operations Research, Springer, vol. 317(2), pages 805-824, October.
    21. Noblesse, Ann M. & Boute, Robert N. & Lambrecht, Marc R. & Van Houdt, Benny, 2014. "Characterizing order processes of continuous review (s,S) and (r,nQ) policies," European Journal of Operational Research, Elsevier, vol. 236(2), pages 534-547.

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