TY - GEN
T1 - Cost-based filtering for stochastic inventory control
AU - Tarim, S. Armagan
AU - Hnich, Brahim
AU - Rossi, Roberto
AU - Prestwich, Steven
PY - 2007
Y1 - 2007
N2 - An interesting class of production/inventory control problems considers a single product and a single stocking location, given a stochastic demand with a known non-stationary probability distribution. Under a widely-used control policy for this type of inventory system, the objective is to find the optimal number of replenishments, their timings and their respective order-up-to-levels that meet customer demands to a required service level. We extend a known CP approach for this problem using a cost-based filtering method. Our algorithm can solve to optimality instances of realistic size much more efficiently than previous approaches, often with no search effort at all.
AB - An interesting class of production/inventory control problems considers a single product and a single stocking location, given a stochastic demand with a known non-stationary probability distribution. Under a widely-used control policy for this type of inventory system, the objective is to find the optimal number of replenishments, their timings and their respective order-up-to-levels that meet customer demands to a required service level. We extend a known CP approach for this problem using a cost-based filtering method. Our algorithm can solve to optimality instances of realistic size much more efficiently than previous approaches, often with no search effort at all.
UR - https://www.scopus.com/pages/publications/38049115196
U2 - 10.1007/978-3-540-73817-6_11
DO - 10.1007/978-3-540-73817-6_11
M3 - Conference contribution
AN - SCOPUS:38049115196
SN - 9783540738169
T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
SP - 169
EP - 183
BT - Recent Advances in Constraints - 11th Annual ERCIM International Workshop on Constraint Solving and Contraint Logic Programming, CSCLP 2006, Revised Selected and Invited Papers
PB - Springer Verlag
T2 - 11th Annual European Research Consortium for Informatics and Mathematics (ERCIM) International Workshop on Constraint Solving and Constraint Logic Programming, CSCLP 2006
Y2 - 26 June 2006 through 26 June 2006
ER -