A New Optimal Policy for Service System with Nonstationary Stochastic Demand

July 07-July 11

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http://doi.ieeecomputersociety.org/10.1109/SCC.2008.90

2008 IEEE International Conference on ...

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	ASCII Text	x
	Jie Yang, Hongwei Ding, Wei Wang, Jin Dong, "A New Optimal Policy for Service System with Nonstationary Stochastic Demand," Services Computing, IEEE International Conference on, vol. 2, pp. 595-596, 2008 IEEE International Conference on Services Computing Vol. 2, 2008.

	BibTex	x
	@article{ 10.1109/SCC.2008.90, author = {Jie Yang and Hongwei Ding and Wei Wang and Jin Dong}, title = {A New Optimal Policy for Service System with Nonstationary Stochastic Demand}, journal ={Services Computing, IEEE International Conference on}, volume = {2}, year = {2008}, isbn = {978-0-7695-3283-7}, pages = {595-596}, doi = {http://doi.ieeecomputersociety.org/10.1109/SCC.2008.90}, publisher = {IEEE Computer Society}, address = {Los Alamitos, CA, USA}, }

	RefWorks Procite/RefMan/Endnote	x
	TY - CONF JO - Services Computing, IEEE International Conference on TI - A New Optimal Policy for Service System with Nonstationary Stochastic Demand SN - 978-0-7695-3283-7 SP595 EP596 A1 - Jie Yang, A1 - Hongwei Ding, A1 - Wei Wang, A1 - Jin Dong, PY - 2008 KW - Policy KW - nonstationary KW - stochastic KW - demand VL - 2 JA - Services Computing, IEEE International Conference on ER -

The performance of service system is especially low when demand is stochastic and nonstationary. This paper considers an inventory control problem with multiple-period replenishment lead time and nonstationary stochastic demand, and provides an optimal policy for this kind of problem. The problem is formulated as a stochastic dynamic programming model, then a solution algorithm which can obtain the optimal solution is developed. Numerical comparisons verify the effectiveness of the proposed policy.

Index Terms:

Policy, nonstationary, stochastic, demand

Citation:

Jie Yang, Hongwei Ding, Wei Wang, Jin Dong, "A New Optimal Policy for Service System with Nonstationary Stochastic Demand," scc, vol. 2, pp.595-596, 2008 IEEE International Conference on Services Computing Vol. 2, 2008

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