Managing a Customer Following a Target Reverting Policy

Published Online:https://doi.org/10.1287/msom.1.2.157

References

  • Aviv Y. , Federgruen A. Stochastic inventory models with limited production capacity and periodically varying production capacity and periodically varying parameters. Probab. Engrg. Inform. Sci. (1997) 11 2 107 135 CrossrefGoogle Scholar
  • Azoury K. S. Bayes solutions to dynamic inventory models under unknown demand distributions. Management Sci. (1985) 31 9 1150 1160 LinkGoogle Scholar
  • Barlow R. F. , Proschan F. Statistical theory of reliability and life testing: Probability models. International Series in Decision Processes (1975) (Holt, Reinhart and Winston Inc., New York) Google Scholar
  • Bertsekas D. P. Dynamic Programming: Deterministic and Stochastic Models (1988) (Prentice-Hall, Englewood Cliffs, NJ) Google Scholar
  • Beyer D. , Sethi S. P. Average cost optimality in inventory models with Markovian demand. J. Optim. Theory Appl. (1997) 92 3 497 526 CrossrefGoogle Scholar
  • Cachon G. Value of information in a one warehouse multi retailer system. (1996) . Working paper, Fuqua School of Business, Duke University, Durham, NC Google Scholar
  • Chen F. Echelon reorder points, installation reorder points, and the value of centralized demand information. (1995) . Working paper, Graduate School of Business, Columbia University, New York Google Scholar
  • Federgruen A. , Zipkin P. An inventory model with limited production capacity and uncertain demands I: The average-cost criterion. Math. Oper. Res. (1986a) 11 2 193 207 LinkGoogle Scholar
  • Federgruen A. , Zipkin P. An inventory model with limited production capacity and uncertain demands II: The discounted-cost criterion. Math. Oper. Res. (1986b) 11 2 208 215 LinkGoogle Scholar
  • Gavirneni S. , Kapuscinski R. , Tayur S. Value of information in capacitated supply chains. Management Sci. (1999) 45 1 16 24 LinkGoogle Scholar
  • Glasserman P. , Tayur S. The stability of a capacitated, multi-echelon production-inventory system under a base-stock policy. Oper. Res. (1994) 42 5 913 925 LinkGoogle Scholar
  • Glasserman P. , Tayur S. Sensitivity analysis for base-stock levels in multi-echelon production-inventory systems. Management Sci. (1995) 42 5 263 281 LinkGoogle Scholar
  • Graves S. A single-item inventory model for a nonstationary demand process. MSOM (1999) 1 50 61 LinkGoogle Scholar
  • Hariharan R. , Zipkin P. Customer-order information, leadtimes, and inventories. Management Sci. (1995) 41 10 1599 1607 LinkGoogle Scholar
  • Iglehart D. L. The dynamic inventory problem with unknown demand distributions. Management Sci. (1964) 10 429 440 LinkGoogle Scholar
  • Kapuscinski R. , Tayur S. A capacitated production-inventory model with periodic demand. Oper. Res. (1998) 46 6 899 911 LinkGoogle Scholar
  • Karlin S. Optimal policy for dynamic inventory process with stochastic demands subject to seasonal variations. J. SIAM (1960) 8 611 629 Google Scholar
  • Kijima M. Uniform monotonicity of Markov processes and its related properties. J. Oper. Res. Soc. Japan (1989) 32 4 475 490 Google Scholar
  • Lee H. L. , So Kut C. , Tang C. S. The value of information sharing in a two-level supply chain. (1998) . Working paper, Anderson School at UCLA, Los Angeles, CA Google Scholar
  • Lovejoy W. S. Myopic policies for some inventory models with uncertain demand distributions. Management Sci. (1990) 36 6 72 738 LinkGoogle Scholar
  • Scarf H. Bayes solutions to the statistical inventory problem. Ann. Math. Statist. (1959) 30 490 508 CrossrefGoogle Scholar
  • Sengupta B. On modeling the store of an assembly shop by due date processes. Oper. Res. (1989) 37 3 43 446 LinkGoogle Scholar
  • Silver E. Inventory control under a probabilistic time-varying, demand pattern. AIIE Trans. (1978) 10 4 371 379 CrossrefGoogle Scholar
  • Song J. , Zipkin P. Inventory control in a fluctuating demand environment. Oper. Res. (1993) 41 2 351 370 LinkGoogle Scholar
  • Song J. , Zipkin P. Inventory control with information about supply conditions. Management Sci. (1996) 42 10 1409 1419 LinkGoogle Scholar
  • Zheng Y. , Zipkin P. A queuing model to analyze the value of centralized inventory information. Oper. Res. (1990) 38 2 296 307 LinkGoogle Scholar
  • Zipkin P. Critical number polices for inventory models with periodic data. Management Sci. (1989) 35 1 71 80 LinkGoogle Scholar
  • Zipkin P. Performance analysis of a multi-item production inventory system under alternative policies. Management Sci. (1995) 41 4 690 703 LinkGoogle Scholar
INFORMS site uses cookies to store information on your computer. Some are essential to make our site work; Others help us improve the user experience. By using this site, you consent to the placement of these cookies. Please read our Privacy Statement to learn more.