Computing globally optimal (s,S,T) inventory policies

Abstract

We consider a single-echelon inventory installation under the (s,S,T) periodic review ordering policy. Demand is stationary random and, when unsatisfied, is backordered. Under a standard cost structure, we seek to minimize total average cost in all three policy variables; namely, the reorder level s, the order-up-to level S and the review interval T… (More)

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Cite this paper

@inproceedings{Lagodimos2015ComputingGO, title={Computing globally optimal (s,S,T) inventory policies}, author={A. G. Lagodimos and I. T. Christou and Konstantina Skouri}, year={2015} }