On computing order quantities for perishable inventory control with non-stationary demand

A.G. Alcoba; E.M.T. Hendrix; I. Garcia; G. Ortega; K.G.J. Pauls-Worm; R. Haijema

doi:10.1007/978-3-319-21407-8_31

On computing order quantities for perishable inventory control with non-stationary demand

A.G. Alcoba, E.M.T. Hendrix, I. Garcia, G. Ortega, K.G.J. Pauls-Worm, R. Haijema

Research output: Chapter in Book/Report/Conference proceeding › Conference paper › Academic › peer-review

6 Citations (Scopus)

Abstract

The determination of order quantities in an inventory control problem of perishable products with non-stationary demand can be formulated as a Mixed Integer Nonlinear Programming problem (MINLP). One challenge is to deal with the ß -service level constraint in terms of the loss function. This paper studies the properties of the optimal solution and derives specific algorithms to determine optimal quantities.

Original language	English
Title of host publication	Computational Science and Its Applications -- ICCSA 2015 , Part II
Editors	O. Gervasi, B. Murgante, S. Misra, M.L. Gavrilova, A.M. Alves Coutinho Rocha, C. Torre, D. Taniar, B.O. Apduhan
Place of Publication	Cham, Switzerland
Publisher	Springer
Pages	429-444
ISBN (Electronic)	9783319214078
ISBN (Print)	9783319214061
DOIs	https://doi.org/10.1007/978-3-319-21407-8_31
Publication status	Published - 2015

Publication series

Name	Lecture Notes in Computer Science
Publisher	Springer International Publishing Switzerland
Number	9156

Keywords

Inventory control
Loss function
MINLP
Monte Carlo
Perishable products

Access to Document

10.1007/978-3-319-21407-8_31

Cite this

Alcoba, A. G., Hendrix, E. M. T., Garcia, I., Ortega, G., Pauls-Worm, K. G. J., & Haijema, R. (2015). On computing order quantities for perishable inventory control with non-stationary demand. In O. Gervasi, B. Murgante, S. Misra, M. L. Gavrilova, A. M. Alves Coutinho Rocha, C. Torre, D. Taniar, & B. O. Apduhan (Eds.), Computational Science and Its Applications -- ICCSA 2015 , Part II (pp. 429-444). (Lecture Notes in Computer Science; No. 9156). Springer. https://doi.org/10.1007/978-3-319-21407-8_31

Alcoba, A.G. ; Hendrix, E.M.T. ; Garcia, I. et al. / On computing order quantities for perishable inventory control with non-stationary demand. Computational Science and Its Applications -- ICCSA 2015 , Part II. editor / O. Gervasi ; B. Murgante ; S. Misra ; M.L. Gavrilova ; A.M. Alves Coutinho Rocha ; C. Torre ; D. Taniar ; B.O. Apduhan. Cham, Switzerland : Springer, 2015. pp. 429-444 (Lecture Notes in Computer Science; 9156).

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abstract = "The determination of order quantities in an inventory control problem of perishable products with non-stationary demand can be formulated as a Mixed Integer Nonlinear Programming problem (MINLP). One challenge is to deal with the {\ss} -service level constraint in terms of the loss function. This paper studies the properties of the optimal solution and derives specific algorithms to determine optimal quantities.",

keywords = "Inventory control, Loss function, MINLP, Monte Carlo, Perishable products",

author = "A.G. Alcoba and E.M.T. Hendrix and I. Garcia and G. Ortega and K.G.J. Pauls-Worm and R. Haijema",

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Alcoba, AG, Hendrix, EMT, Garcia, I, Ortega, G, Pauls-Worm, KGJ & Haijema, R 2015, On computing order quantities for perishable inventory control with non-stationary demand. in O Gervasi, B Murgante, S Misra, ML Gavrilova, AM Alves Coutinho Rocha, C Torre, D Taniar & BO Apduhan (eds), Computational Science and Its Applications -- ICCSA 2015 , Part II. Lecture Notes in Computer Science, no. 9156, Springer, Cham, Switzerland, pp. 429-444. https://doi.org/10.1007/978-3-319-21407-8_31

On computing order quantities for perishable inventory control with non-stationary demand. / Alcoba, A.G.; Hendrix, E.M.T.; Garcia, I. et al.
Computational Science and Its Applications -- ICCSA 2015 , Part II. ed. / O. Gervasi; B. Murgante; S. Misra; M.L. Gavrilova; A.M. Alves Coutinho Rocha; C. Torre; D. Taniar; B.O. Apduhan. Cham, Switzerland: Springer, 2015. p. 429-444 (Lecture Notes in Computer Science; No. 9156).

Research output: Chapter in Book/Report/Conference proceeding › Conference paper › Academic › peer-review

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Alcoba AG, Hendrix EMT, Garcia I, Ortega G, Pauls-Worm KGJ , Haijema R. On computing order quantities for perishable inventory control with non-stationary demand. In Gervasi O, Murgante B, Misra S, Gavrilova ML, Alves Coutinho Rocha AM, Torre C, Taniar D, Apduhan BO, editors, Computational Science and Its Applications -- ICCSA 2015 , Part II. Cham, Switzerland: Springer. 2015. p. 429-444. (Lecture Notes in Computer Science; 9156). doi: 10.1007/978-3-319-21407-8_31

On computing order quantities for perishable inventory control with non-stationary demand

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