Questions tagged [rq-inventory-model]
For questions related to the (r,Q) inventory model, in which stochastic demands reduce the inventory level over time, and when the inventory position reaches the reorder point (r), an order is placed of size Q.
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questions
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1answer
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Approaches for choosing a “risk” factor in an Inventory Optimization problem?
I'm working on an Inventory Optimization (Allocation) problem.
The decision variable is the amount of inventory budget to allocate for each product, from a set of products. My objective is to ...
4
votes
1answer
35 views
Which EOQ-based $(r,Q)$ approximation has a fixed worst-case error bound?
There are two common approximations for the $(r,Q)$ inventory optimization problem that use the EOQ model. It is well known that one of them has a fixed worst-case error bound, but there is confusion ...
