Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1142685 | Operations Research Letters | 2008 | 6 Pages |
Abstract
We consider a stochastic serial inventory system with a given fixed batch size per stage and linear inventory holding and penalty costs. For this system, echelon stock (R,nQ)(R,nQ) policies are known to be optimal. On the basis of new average costs formulas, we obtain newsvendor equations for the optimal reorder levels.
Keywords
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
M.K. Doğru, G.J. van Houtum, A.G. de Kok,