Approximate solutions of a dynamic forecast-inventory model
Publication
, Journal Article
Iida, T; Zipkin, PH
Published in: Manufacturing and Service Operations Management
October 9, 2006
In this paper we consider a dynamic forecast-inventory model with forecast updates, based on the martingale model of forecast evolution. Two types of updates are considered, additive and multiplicative. The formulation of the model results in a dynamic program with multidimensional state space. We derive some characteristics of optimal policies and also develop a computational approach to obtain approximate solutions. The approach is based on simulation and function approximation. © 2006 INFORMS.
Duke Scholars
Published In
Manufacturing and Service Operations Management
DOI
EISSN
1526-5498
ISSN
1523-4614
Publication Date
October 9, 2006
Volume
8
Issue
4
Start / End Page
407 / 425
Related Subject Headings
- Operations Research
- 4901 Applied mathematics
- 3509 Transportation, logistics and supply chains
- 1505 Marketing
- 1503 Business and Management
- 0102 Applied Mathematics
Citation
APA
Chicago
ICMJE
MLA
NLM
Iida, T., & Zipkin, P. H. (2006). Approximate solutions of a dynamic forecast-inventory model. Manufacturing and Service Operations Management, 8(4), 407–425. https://doi.org/10.1287/msom.1060.0116
Iida, T., and P. H. Zipkin. “Approximate solutions of a dynamic forecast-inventory model.” Manufacturing and Service Operations Management 8, no. 4 (October 9, 2006): 407–25. https://doi.org/10.1287/msom.1060.0116.
Iida T, Zipkin PH. Approximate solutions of a dynamic forecast-inventory model. Manufacturing and Service Operations Management. 2006 Oct 9;8(4):407–25.
Iida, T., and P. H. Zipkin. “Approximate solutions of a dynamic forecast-inventory model.” Manufacturing and Service Operations Management, vol. 8, no. 4, Oct. 2006, pp. 407–25. Scopus, doi:10.1287/msom.1060.0116.
Iida T, Zipkin PH. Approximate solutions of a dynamic forecast-inventory model. Manufacturing and Service Operations Management. 2006 Oct 9;8(4):407–425.
Published In
Manufacturing and Service Operations Management
DOI
EISSN
1526-5498
ISSN
1523-4614
Publication Date
October 9, 2006
Volume
8
Issue
4
Start / End Page
407 / 425
Related Subject Headings
- Operations Research
- 4901 Applied mathematics
- 3509 Transportation, logistics and supply chains
- 1505 Marketing
- 1503 Business and Management
- 0102 Applied Mathematics