Approximation Algorithms for Capacitated Perishable Inventory Systems with Positive Lead Times

Managing perishable inventory systems with positive lead times and finite ordering capacities is important but notoriously difficult in both theory and computation. The optimal control policy is extremely complicated, and no effective heuristic policy has been proposed in the literature. In this pap...

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Bibliographic Details
Published inManagement science Vol. 64; no. 11; pp. 5038 - 5061
Main Authors Chao, Xiuli, Gong, Xiting, Shi, Cong, Yang, Chaolin, Zhang, Huanan, Zhou, Sean X.
Format Journal Article
LanguageEnglish
Published Linthicum INFORMS 01.11.2018
Institute for Operations Research and the Management Sciences
Subjects
Algorithms
Approximation
approximation algorithm
correlated demand
finite capacity
Mathematics
Numerical analysis
Operations research
perishable inventory
positive lead time
Supply & demand
worst-caseperformance guarantee
Online AccessGet full text
ISSN0025-1909
1526-5501
DOI10.1287/mnsc.2017.2886

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