Replenishment Cycle Inventory Policies with Non-Stationary Stochastic Demand
Eksioglu, Sandra D.
Date of Degree
Original embargo terms
MSU Only Indefinitely
Dissertation - Open Access
Doctor of Philosophy
James Worth Bagley College of Engineering
Department of Industrial and Systems Engineering
Inventory control problems constitute one of the most important research problems due to their connection with real life applications. Naturally, real life is full of uncertainty so are the most of the inventory problems. Unfortunately, it is a very challenging task to manage inventories effectively especially under uncertainty. This dissertation mainly deals with single-item, periodic review, and stochastic dynamic inventory control problems particularly on replenishment cycle control rule known as the (R, S) policy. Contribution of this thesis is multiold. In each chapter a particular research question is investigated. At the end of the day, we will be showing that non-stationary (R, S) policies are indispensable not only for its cost efficiency but its effectiveness and practicality. More specifically, the non-stationary (R, S) policy provides a convenient, efficient, effective, and modular solution for non-stationary stochastic inventory control problems.
Tunc, Huseyin, "Replenishment Cycle Inventory Policies with Non-Stationary Stochastic Demand" (2012). Theses and Dissertations MSU. 3792.