Heuristics for Inventory Systems Based on Quadratic Approximation of L-Natural-Convex Value Functions

Heuristics for Inventory Systems Based on Quadratic Approximation of L-Natural-Convex Value Functions

<p>We propose an approximation scheme for single-product periodic-review inventory systems with L-natural-convex structure. We lay out three well-studied inventory models, namely the lost-sales system, the perishable inventory system, and the joint inventory-pricing problem. We approximate the...

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Bibliographic Details
Main Author: Wang, Kai
Other Authors: Sun, Peng
Published: 2014
Subjects:
Business
Operations research
Approximate Dynamic Programming
Heuristics
Inventory System
L-Natural-Convex
Lost-Sales
Perishable
Online Access:http://hdl.handle.net/10161/8777

Internet

http://hdl.handle.net/10161/8777

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