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research article
Optimal reordering policies for the AHM inventory model with two supply modes
1991
We characterize the optimal reordering policies for the stationary periodic review AHM inventory model when there is a quick and a -generally cheaper- slow supplier, whose delivery lags differ by one period and whose fixed and unit ordering costs are arbitrary, as generalized (s,S) policies described by four parameters (s1, S1, s2, S2). Computational results using Howard's policy iteration algorithm yield four possible types of such policies depending on the model parameters.
Type
research article
Web of Science ID
WOS:A1991GF19700003
Authors
Publication date
1991
Published in
Issue
13
Start page
141
End page
146
Note
PRO 91.04
Peer reviewed
REVIEWED
EPFL units
Available on Infoscience
February 13, 2006
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