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- Title
A note on algorithms for dual sourcing inventory systems with Tailored Base-Surge policies.
- Authors
Zhu, Chenbo; Ren, Zeqiong; Lei, Lei; Wang, Xing; Xie, Yue
- Abstract
This paper proposes two algorithms for dual sourcing inventory systems with Tailored Base-Surge policies. The first algorithm solves a system of linear equations to calculate inventory positions, performance measures and their derivatives, and the second algorithm then uses them in the gradient-based type of method to find the optimal Tailored Base-Surge policy. Numerical experiments show that the two algorithms work well.
- Subjects
INVENTORIES; LINEAR equations; ALGORITHMS; LINEAR systems
- Publication
RAIRO: Operations Research (2804-7303), 2024, Vol 58, Issue 3, p2637
- ISSN
2804-7303
- Publication type
Article
- DOI
10.1051/ro/2024095