dc.contributor.authorFeng, Yi
dc.contributor.authorChen, Shaoxiang
dc.contributor.authorDai, Wenqiang
dc.date.accessioned2015-08-21T01:07:57Z
dc.date.available2015-08-21T01:07:57Z
dc.date.copyright2015en_US
dc.date.issued2015
dc.identifier.citationFeng, Y., Chen, S., & Dai, W. (2015). The optimal order policy for a capacitated multiple product inventory system under symmetry. Asia-Pacific Journal of Operational Research, 32(02), 1550005-. doi:10.1142/S0217595915500050en_US
dc.identifier.urihttp://hdl.handle.net/10220/38480
dc.description.abstractAlthough many researches have conjectured the optimality of the hedging point policy for the multiple-product stochastic capacitated periodic review problem, it is still a challenge to prove the hypothesis. This paper considers a special case of the capacitated multiple-product periodic review problem where stochastic demand distribution, production rate, unit production cost and periodic expected inventory cost are the same for all different products. For this symmetric problem, we prove an optimal policy where ordering and non-ordering regions for every product are defined. Our research provides significant implications to the characterization of the optimal policy for the general problem.en_US
dc.language.isoenen_US
dc.relation.ispartofseriesAsia-Pacific journal of operational researchen_US
dc.rights© 2015 World Scientific Publishing Co. & Operational Research Society of Singapore. This is the author created version of a work that has been peer reviewed and accepted for publication by Asia-Pacific Journal of Operational Research, World Scientific Publishing Co. & Operational Research Society of Singapore. It incorporates referee’s comments but changes resulting from the publishing process, such as copyediting, structural formatting, may not be reflected in this document. The published version is available at: [http://dx.doi.org/10.1142/S0217595915500050].en_US
dc.subjectDRNTU::Business::Marketing::Research
dc.subjectStochastic Programming
dc.subjectMultiple-product
dc.titleThe optimal order policy for a capacitated multiple product inventory system under symmetryen_US
dc.typeJournal Article
dc.contributor.schoolCollege of Business (Nanyang Business School)en_US
dc.identifier.doihttp://dx.doi.org/10.1142/S0217595915500050
dc.description.versionAccepted versionen_US


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record