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Title:
Myopic inventory policies using individual customer arrival information . (D/719 )
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Authors:
Martínez de Albéniz, V., Lago, A.
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Summary:
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. |
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Date:
01/11/2007
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Type:
Working papers
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Language:
English
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