EconPapers    
Economics at your fingertips  
 

Myopic inventory policies using individual customer arrival information

Victor Martinez de Albeniz () and Alejandro Lago
Additional contact information
Victor Martinez de Albeniz: IESE Business School, Postal: Research Division, Av Pearson 21, 08034 Barcelona, SPAIN
Alejandro Lago: IESE Business School, Postal: Research Division, Av Pearson 21, 08034 Barcelona, SPAIN

No D/719, IESE Research Papers from IESE Business School

Abstract: We investigate optimality of myopic policies using the single-unit decomposition approach in inventory management. We derive, under certain conditions, closed-form replenishment decisions, which we call a base-probability policy. That is, the order associated with a given customer is placed if and only if its arrival probability within the lead-time is higher than a threshold.

Keywords: inventory management; base-stock policies; myopic policies (search for similar items in EconPapers)
Date: 2007-11-17
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://www.iese.edu/research/pdfs/DI-0719-E.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.iese.edu/research/pdfs/DI-0719-E.pdf [301 Moved Permanently ]--> https://www.iese.edu/research/pdfs/DI-0719-E.pdf)

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:ebg:iesewp:d-0719

Access Statistics for this paper

More papers in IESE Research Papers from IESE Business School IESE Business School, Av Pearson 21, 08034 Barcelona, SPAIN. Contact information at EDIRC.
Bibliographic data for series maintained by Noelia Romero ().

 
Page updated 2018-09-21
Handle: RePEc:ebg:iesewp:d-0719