Sciweavers

Share
CSCLP
2006
Springer

Cost-Based Filtering for Stochastic Inventory Control

12 years 3 months ago
Cost-Based Filtering for Stochastic Inventory Control
Abstract. An interesting class of production/inventory control problems considers a single product and a single stocking location, given a stochastic demand with a known non-stationary probability distribution. 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 a cost-based filtering method. Our algorithm can solve to optimality instances of realistic size much more efficiently than previous approaches, often with no search effort at all.
Armagan Tarim, Brahim Hnich, Roberto Rossi, Steven
Added 22 Aug 2010
Updated 22 Aug 2010
Type Conference
Year 2006
Where CSCLP
Authors Armagan Tarim, Brahim Hnich, Roberto Rossi, Steven David Prestwich
Comments (0)
books