Vendor-buyer lot sizing problem with stochastic demand: an exact procedure under service level approach

Kadir Ertogral

European Journal of Industrial Engineering, 2011, vol. 5, issue 1, 101-110

Abstract: In this study, we consider the joint economic lot sizing problem (JELP) under stochastic demand. Almost all of the literature on JELP assumes that the demand is deterministic and constant with very limited exceptions. We indicate the shortcomings of the work in the literature in this regard, and suggest a service-level based model for JELP under stochastic demand with an exact solution procedure. We also include numerical examples to illustrate the procedure and the value of the stochastic solution. [Submitted 02 September 2009; Revised 20 December 2009, 25 February 2009; Accepted 26 February 2010]

Keywords: joint economic lot sizing problem; JELP; stochastic demand; service level. (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.inderscience.com/link.php?id=37228 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:eujine:v:5:y:2011:i:1:p:101-110

Access Statistics for this article

More articles in European Journal of Industrial Engineering from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().