Note: A simple heuristic for serial inventory systems with fixed order costs
Publication
, Journal Article
Shang, KH
Published in: Operations Research
July 1, 2008
We propose a heuristic for finding base order quantities for stochastic inventory models. The heuristic includes two steps. The first clusters the stages according to cost parameters. The second solves a single-stage problem for each cluster with the original problem data. In a numerical study, we show that the heuristic is near optimal. © 2008 INFORMS.
Duke Scholars
Published In
Operations Research
DOI
EISSN
1526-5463
ISSN
0030-364X
Publication Date
July 1, 2008
Volume
56
Issue
4
Start / End Page
1039 / 1043
Related Subject Headings
- Operations Research
- 3507 Strategy, management and organisational behaviour
- 1503 Business and Management
- 0802 Computation Theory and Mathematics
- 0102 Applied Mathematics
Citation
APA
Chicago
ICMJE
MLA
NLM
Shang, K. H. (2008). Note: A simple heuristic for serial inventory systems with fixed order costs. Operations Research, 56(4), 1039–1043. https://doi.org/10.1287/opre.1080.0547
Published In
Operations Research
DOI
EISSN
1526-5463
ISSN
0030-364X
Publication Date
July 1, 2008
Volume
56
Issue
4
Start / End Page
1039 / 1043
Related Subject Headings
- Operations Research
- 3507 Strategy, management and organisational behaviour
- 1503 Business and Management
- 0802 Computation Theory and Mathematics
- 0102 Applied Mathematics