haku: @author Gallego, G. / yhteensä: 13
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| Tekijä: | Gallego, G. Ozer, O. |
| Otsikko: | Integrating Replenishment Decisions with Advance Demand Information |
| Lehti: | Management Science
2001 : JUL, VOL. 47:7, p. 1344-1360 |
| Asiasana: | DEMAND INFORMATION INVENTORY CONTROL |
| Kieli: | eng |
| Tiivistelmä: | There is a growing consensus that a portfolio of customers with different demand lead times can lead to higher, more regular revenues and better capacity utilization. Customers with positive demand lead times place orders in advance of their needs, resulting in advance demand information. This gives rise to the problem of finding effective inventory control policies under advance demand information. The authors show that state-dependent (s, S) and base-stock policies are optimal for stochastic inventory systems with and without fixed costs. The state of the system reflects the authors' knowledge of advance demand information. The authors also determine conditions under which advance demand information has no operational value. |
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