Title: Dynamic inventory rationing for systems with multiple demand classes and general demand processes
Authors: Hung, Hui-Chih
Chew, Ek Peng
Lee, Loo Hay
Liu, Shudong
工業工程與管理學系
Department of Industrial Engineering and Management
Keywords: Inventory rationing;Dynamic critical level;Backordering;Multiperiod system
Issue Date: 1-Sep-2012
Abstract: "We consider the dynamic rationing problem for inventory systems with multiple demand classes and general demand processes. We assume that backorders are allowed. Our aim is to find the threshold values for this dynamic rationing policy. For single period systems, dynamic critical level policy is developed and the detailed cost approximation subject to this policy is derived. For multiperiod systems, a dynamic rationing policy with periodic review is proposed. The numerical study shows that our dynamic critical level policies are close to being optimal for various parameter settings. (C) 2012 Elsevier B.V. All rights reserved."
URI: http://hdl.handle.net/11536/16714
ISSN: 0925-5273
Journal: INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS
Volume: 139
Issue: 1
End Page: 351
Appears in Collections:期刊論文


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