Questions tagged [base-stock]
For questions related to inventory policies in which we "order up to" a given level, called the base-stock level. Questions may related to base-stock policies, base-stock levels, or optimization thereof.
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Stochastic optimization for inventory management
The deterministic problem is to minimize operational cost subject to constraints in demand, supply and capacity. The ordering policy is periodic review, order-up-to.
The stochastic version of the ...
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Concepts for managing inventory and orders with specific fulfillment date
I'm modeling a fairly basic order and inventory management system but with a use case that doesn't seem very common (or at least hard to look up online and in books about operations): the order ...
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Is a base-stock policy optimal for a serial inventory system with upstream stockout costs?
In a serial inventory system without fixed costs, an echelon base-stock policy is known to be optimal if there is no stockout cost at any stage except the last stage. (This was proved for finite-...
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