English, Article, Journal or magazine article edition: Myopic inventory policies using individual customer arrival information Martinez de Albeniz, Victor; Lago, Alejandro

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Bookmark: http://trove.nla.gov.au/version/170903
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Myopic inventory policies using individual customer arrival information
Author
  • Martinez de Albeniz, Victor
  • Lago, Alejandro
Physical Description
  • preprint
Notes
  • We investigate optimality of myopic policies using the single-unit decomposition approach in inventory management. We derive, under certain conditions, closed-form replenishment decisions, which we call a base-probability policy. That is, the order associated with a given customer is placed if and only if its arrival probability within the lead-time is higher than a threshold.
  • inventory management; base-stock policies; myopic policies;
  • RePEc:ebg:iesewp:d-0719
Language
  • English
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