Title :
An Algorism of Multi-stage Inventory Control under the Conditions of Demand Obeying MA(1) Model
Author_Institution :
Sch. of Econ. & Manage. Inst., Shanghai Maritime Univ., Shanghai, China
Abstract :
This paper researched multi-stage inventory system under the conditions of MA (1) demand model by combining time series decomposition and dynamic programming to establish DP algorism which can be transformed into optimal multi-stage inventory optimal strategy under the conditions of independent demand.
Keywords :
dynamic programming; stock control; time series; DP algorism; demand obeying MA model; dynamic programming; optimal multistage inventory control; time series decomposition; Conference management; Cost function; Dynamic programming; Equations; Functional programming; Inventory control; Inventory management; Safety; Strategic planning; DP algorism; MA(1)model; Multi-stage inventory; time series decomposition;
Conference_Titel :
Information and Computing Science, 2009. ICIC '09. Second International Conference on
Conference_Location :
Manchester
Print_ISBN :
978-0-7695-3634-7
DOI :
10.1109/ICIC.2009.256
