Multi-class Dynamic Inventory Rationing with Stochastic Demands and Backordering

Dynamic inventory rationing is considered for systems with multiple demand classes, stationary stochastic demands, and backordering. In the literature, dynamic programming has been often applied to address this type of problems. However, due to the curse of dimensionality, computation is a critical...

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Bibliographic Details
Main Authors: Liu, S., Song, M., Tan, Ka, Zhang, Changyong
Format: Journal Article
Published: Elsevier BV * North-Holland 2015
Online Access:http://hdl.handle.net/20.500.11937/8795