A gradient-based method to calculate (s, S) policies

被引：0
|
作者：
Dai, Weimin [1 ]
Hu, Jian-Qiang [1 ]
Zhu, Chenbo [2 ]
机构：
[1] Fudan Univ, Sch Management, Shanghai 200433, Peoples R China
[2] Zhejiang Univ Technol, Sch Management, Hangzhou 310023, Peoples R China
来源：
OPERATIONS RESEARCH LETTERS | 2023年 / 51卷 / 04期
基金：
中国国家自然科学基金;
关键词：
Inventory theory; (s; S) policies; Optimization; INVENTORY POLICIES; OPTIMALITY; ALGORITHM;
D O I：
10.1016/j.orl.2023.06.008
中图分类号：
C93 [管理学]; O22 [运筹学];
学科分类号：
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要：
This paper proposes a gradient-based method to calculate (s, S) policies for periodic review inventory systems. The method first applies the MacLaurin expansion technique to calculate performance measures and their derivatives and then uses them in gradient-based algorithms to determine the values of s and S. The method is easy to implement and numerical experiments show it to be very efficient.& COPY; 2023 Elsevier B.V. All rights reserved.
引用
收藏
页码：468 / 473
页数：6
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