'Echelon inventory' presentation slideshows

Inventory Management (Deterministic Model): Powers-of-Two Policies

Inventory Management (Deterministic Model): Powers-of-Two Policies. Prof. Dr. Jinxing Xie Department of Mathematical Sciences Tsinghua University, Beijing 100084, China http://faculty.math.tsinghua.edu.cn/~jxie Email: jxie@ math.tsinghua.edu.cn Voice: (86-10)62787812 Fax: (86-10)62785847

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The objective is to minimize holding and backlog costs. Unsatisfied demand is backlogged Holding and backlog costs are convex Stationary demand If there is no setup cost for ordering Base stock (S) policy is optimal If the inventory position P t <S; order S-P t

421 views • 9 slides