search query: @indexterm OPERATIONAL RESEARCH / total: 1454
reference: 29 / 1454
| Author: | Dellaert, N. P. Melo, M. T. |
| Title: | Approximate solutions for a stochastic lot-sizing problem with partial customer-order information |
| Journal: | European Journal of Operational Research
2003 : OCT, VOL. 150:1, p. 163-180 |
| Index terms: | Operational research Product information Consumer information Stochastic programming |
| Language: | eng |
| Abstract: | The authors address a stochastic single product manufacturing system in a make-to-stock environment with partial knowledge on future demand resulting from customers ordering in advance of their actual needs. The problem consists of determining the optimal size of production lot to eplenish inventory, so that delivery promises are met on time at the expense of minimal average costs. A Markov decision model is formulated for finding the optimal policy. |
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