Computing non-stationary (s, S) policies using mixed integer linear programming

•We present a mathematical programming model to compute (s, S) policies parameters.•We introduce a mixed-integer linear programming reformulation.•Our reformulation can be solved by existing off-the-shelf solvers.•We discuss a computationally efficient binary search heuristic.•We observe average opt...

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Bibliographic Details
Published in:	European journal of operational research Vol. 271; no. 2; pp. 490 - 500
Main Authors:	Xiang, Mengyuan, Rossi, Roberto, Martin-Barragan, Belen, Tarim, S. Armagan
Format:	Journal Article
Language:	English
Published:	Elsevier B.V 01.12.2018
Subjects:	(s, S) policy Binary search Inventory Mixed integer programming Stochastic lot-sizing Binary search Mixed integer programming (s, S) policy Stochastic lot-sizing Inventory
ISSN:	0377-2217, 1872-6860
Online Access:	Get full text
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