63 citations · 291 across the 19 of their papers we have counts for
3 papers · 1 filter
Computing Optimal (R, s, S) Policy Parameters by a Hybrid of Branch-and-Bound and Stochastic Dynamic Programming
Andrea Visentin, Steven Prestwich, Roberto Rossi +1
A well-know control policy in stochastic inventory control is the (R, s, S) policy, in which inventory is raised to an order-up-to-level S at a review instant R whenever it falls b…
A Simulated Annealing Algorithm for Joint Stratification and Sample Allocation Designs
Mervyn O'Luing, Steven Prestwich, S. Armagan Tarim
This study combines simulated annealing with delta evaluation to solve the joint stratification and sample allocation problem. In this problem, atomic strata are partitioned into m…
A recursion-free functional approximation for the dynamic inventory problem
Onur A. Kilic, S. Armagan Tarim
We consider the dynamic inventory problem with non-stationary demands. It has long been known that non-stationary (s, S) policies are optimal for this problem. However, finding opt…