Robust Dual Sourcing Inventory Management: Optimality of Capped Dual Index Policies and Smoothing
Published Online:11 Apr 2019https://doi.org/10.1287/msom.2018.0731
References
- (2006) A robust optimization approach to dynamic pricing and inventory control with no backorders. Math. Programming 107(1–2):97–129.Crossref, Google Scholar
- (2010) Global dual sourcing: Tailored base-surge allocation to near-and offshore production. Management Sci. 56(1):110–124.Link, Google Scholar
- (2016) Robust optimization of sums of piecewise linear functions with application to inventory problems. Oper. Res. 64(2):474–494.Link, Google Scholar
- (2012) Tractable stochastic analysis in high dimensions via robust optimization. Math. Programming 134(1):23–70.Crossref, Google Scholar
- (1961) A delivery-lag inventory model with an emergency provision (the single-period case). Naval Res. Logist. Quart. 8(3):285–311.Crossref, Google Scholar
- (1998) Robust convex optimization. Math. Oper. Res. 23(4):769–805.Link, Google Scholar
- (1999) Robust solutions of uncertain linear programs. Oper. Res. Lett. 25(1):1–13.Crossref, Google Scholar
- (2000) Robust solutions of linear programming problems contaminated with uncertain data. Math. Programming 88(3):411–424.Crossref, Google Scholar
- (2009) Robust Optimization (Princeton University Press, Princeton, NJ).Crossref, Google Scholar
- (2005) Retailer-supplier flexible commitments contracts: A robust optimization approach. Manufacturing Service Oper. Management 7(3):248–271.Link, Google Scholar
- (2004) Adjustable robust solutions of uncertain linear programs. Math. Programming 99(2):351–376.Crossref, Google Scholar
- (2004) The price of robustness. Oper. Res. 52(1):35–53.Link, Google Scholar
- (2006) A robust optimization approach to inventory theory. Oper. Res. 54(1):150–168.Link, Google Scholar
- (2011) Theory and applications of robust optimization. SIAM Rev. 53(3):464–501.Crossref, Google Scholar
- (2010) Optimality of affine policies in multistage robust optimization. Math. Oper. Res. 35(2):363–394.Link, Google Scholar
- (2008) Computing robust basestock levels. Discrete Optim. 5(2):389–414.Crossref, Google Scholar
- (2015) Global dual sourcing and order smoothing: The impact of capacity and lead times. Management Sci. 61(9):2080–2099.Link, Google Scholar
- (1963) A delivery-lag inventory model with emergency. Scarf H, Gilford D, Shelly M eds. Multistage Inventory Models and Techniques (Stanford University Press, Stanford, CA), Chapter 2.Google Scholar
- (2015) Robust multi-stage decision making. Aleman DM, Thiele AC, eds. The Operations Research Revolution, INFORMS TutORials in Operations Research (INFORMS, Cantonsville, MD), 20–46.Link, Google Scholar
- (1997) Robust solutions to least-squares problems with uncertain data. SIAM J. Matrix Anal. Appl. 18(4):1035–1064.Crossref, Google Scholar
- (1998) Robust solutions to uncertain semidefinite programs. SIAM J. Optim. 9(1):33–52.Crossref, Google Scholar
- (1964) Optimal policies for the inventory problem with negotiable leadtime. Management Sci. 10(4):690–708.Link, Google Scholar
- (2013) Robust counterparts of inequalities containing sums of maxima of linear functions. Eur. J. Oper. Res. 227(1):30–43.Crossref, Google Scholar
- (2015) Structural properties of the optimal policy for dual-sourcing systems with general lead times. IIE Trans. 47(8):841–850.Crossref, Google Scholar
- (2014) Analysis of tailored base-surge policies in dual sourcing inventory systems. Management Sci. 61(7):1547–1561.Link, Google Scholar
- (2014) Multimodularity and its applications in three stochastic dynamic inventory problems. Manufacturing Service Oper. Management 16(3):455–463.Link, Google Scholar
- (2017) Closed-form solutions for robust inventory management. Management Sci. 63(5):1625–1643.Link, Google Scholar
- (1988) A continuous review model for an inventory system with two supply modes. Management Sci. 34(6):761–773.Link, Google Scholar
- (1991) An (s- 1,s) inventory system with emergency orders. Oper. Res. 39(2):308–321.Link, Google Scholar
- (1964) An inventory model with an optional time lag. J. Soc. Indust. Appl. Math. 12(1):179–185.Crossref, Google Scholar
- (2011) Applications of robust optimization to queueing and inventory systems. PhD thesis, Massachusetts Institute of Technology, Cambridge, MA.Google Scholar
- (2007) Effective dual sourcing with a single index policy. Working paper, Carnegie Mellon University, Pittsburgh.Google Scholar
- (2010) Robust approximation to multiperiod inventory management. Oper. Res. 58(3):583–594.Link, Google Scholar
- (2010) New policies for the stochastic inventory control problem with two supply sources. Oper. Res. 58(3):734–745.Link, Google Scholar
- (2016) The impact of modeling on robust inventory management under demand uncertainty. Management Sci. 62(4):1188–1201.Link, Google Scholar
- (2009) Inventories with multiple supply sources and networks of queues with overflow bypasses. Management Sci. 55(3):362–372.Link, Google Scholar
- (2017) Optimal policies for a dual-sourcing inventory problem with endogenous stochastic lead times. Oper. Res. 65(2):379–395.Link, Google Scholar
- (1973) Convex programming with set-inclusive constraints and applications to inexact linear programming. Oper. Res. 21(5):1154–1157.Link, Google Scholar
- (2008) Now or later: A simple policy for effective dual sourcing in capacitated systems. Oper. Res. 56(4):850–864.Link, Google Scholar
- (1977) Optimal inventory under stochastic demand with two supply options. SIAM J. Appl. Math. 32(2):293–305.Crossref, Google Scholar
- (2017) Asymptotic optimality of tailored base-surge policies in dual-sourcing inventory systems. Management Sci. 64(1):437–452.Link, Google Scholar
- (2016) Continuous-review (r, nq) policies for inventory systems with dual delivery modes. Oper. Res. 64(6):1302–1319.Link, Google Scholar

