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Using the Deterministic EOQ Formula in Stochastic Inventory Control

التفاصيل البيبلوغرافية
العنوان: Using the Deterministic EOQ Formula in Stochastic Inventory Control
المؤلفون: Sven Axsäter
المصدر: Management Science. 42(6):830-834
سنة النشر: 1996
مصطلحات موضوعية: Relative cost, Inventory control, Operations research, Heuristic, Strategy and Management, Economic order quantity, Management Science and Operations Research, Mathematics, Production system, inventory/production, lot sizing, error bound
الوصف: This note gives an improved bound (√5 − 2)/2 ≈ 0.1180 for the relative cost increase when using the deterministic EOQ formula as a heuristic solution when demands are stochastic. We also discuss under what circumstances this bound is tight.
DOI: 10.1287/mnsc.42.6.830
URL الوصول: https://explore.openaire.eu/search/publication?articleId=doi_dedup___::12f167ba9c5b2a2e1f2b2b212ae102c4
حقوق: OPEN
رقم الأكسشن: edsair.doi.dedup.....12f167ba9c5b2a2e1f2b2b212ae102c4
قاعدة البيانات: OpenAIRE
الوصف
DOI:10.1287/mnsc.42.6.830