Multi-period Online Optimization in TAC SCM: The Supplier Offer Acceptance Problem

Abstract

We formalize the supplier offer acceptance problem in TAC SCM as a multi-stage stochastic program. In addition, we suggest a heuristic for solving this problem using the rollout method, following one or two stage approximations of the multi-stage stochastic program as the base policy during rollouts. We also describe a heuristic based on the notion of… (More)

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