Heuristics and Bounds for an Inventory System with an All-or-Nothing Yield Pattern and Lead-times

Research output: Chapters, Conference Papers, Creative and Literary Works (RGC: 12, 32, 41, 45)32_Refereed conference paper (with ISBN/ISSN)Not applicablepeer-review

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Detail(s)

Original languageEnglish
Title of host publicationProceedings of the 2018 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI 2018)
PublisherIEEE
Pages180-184
ISBN (Print)978-1-5386-4522-2
Publication statusPublished - Jul 2018

Conference

Title2018 IEEE International Conference on Service Operations and Logistics, and Informatics, SOLI 2018
PlaceSingapore
CitySingapore
Period31 July - 2 August 2018

Abstract

We study a single-item, periodic-review inventory system with stochastic demand, arbitary delivery lead times and all-or-nothing production yields: whenever a shipment (of an order) arrives, the firm conducts a sample test to confirm the quality; if the sample test fails, the entire shipment is returned or destroyed. Although the problem is impossible to solve exactly except in special cases, we utilize properties of the problem to develop a heuristic that, in numerical tests, performs well in comparison to a popular heuristic and in comparison to the optimal policy.

Citation Format(s)

Heuristics and Bounds for an Inventory System with an All-or-Nothing Yield Pattern and Lead-times. / Chen, Frank Y.; Hu, Fei; Yano, Candace Arai; Yuan, Quan.

Proceedings of the 2018 IEEE International Conference on Service Operations and Logistics, and Informatics (SOLI 2018). IEEE, 2018. p. 180-184 8476751.

Research output: Chapters, Conference Papers, Creative and Literary Works (RGC: 12, 32, 41, 45)32_Refereed conference paper (with ISBN/ISSN)Not applicablepeer-review