Stochastic Reorder Point-Lot Size (r,Q) Inventory Model under Maximum Entropy Principle

Stochastic Reorder Point-Lot Size (r,Q) Inventory Model under Maximum Entropy Principle

This paper takes into account the continuous-review reorder point-lot size (r,Q) inventory model under stochastic demand, with the backorders-lost sales mixture. Moreover, to reflect the practical circumstance in which full information about the demand distribution lacks, we assume that only an esti...

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Bibliographic Details
Main Author: Davide Castellano
Format: Article
Language:English
Published: MDPI AG 2015-12-01
Series:Entropy
Subjects:
maximum entropy principle
inventory
stochastic
optimization
heuristics
(r,Q) policy
Online Access:http://www.mdpi.com/1099-4300/18/1/16

Internet

http://www.mdpi.com/1099-4300/18/1/16

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