Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 429581
Title On solving a stochastic programming model for perishable inventory control
Author(s) Hendrix, E.M.T.; Haijema, R.; Rossi, R.; Pauls-Worm, K.G.J.
Source In: Proceedings of the 12th International Conference, 18-21 June 2012, Salvador de Bahia, Brazil, Proceedings Part III. - Heidelberg : Springer - ISBN 9783642311376 - p. 45 - 56.
Event Heidelberg : Springer - ISBN 9783642311376 ICCSA 2012, part III, 2012-06-18/2012-06-21
Department(s) Operations Research and Logistics
Publication type Contribution in proceedings
Publication year 2012
Abstract This paper describes and analyses a Stochastic Programming (SP) model that is used for a specific inventory control problem for a perishable product. The decision maker is confronted with a non-stationary random demand for a fixed shelf life product and wants to make an ordering plan for a finite horizon that satisfies a service level constraint. In literature several approaches have been described to generate approximate solutions. The question dealt with here is whether exact approaches can be developed that generate solutions up to a guaranteed accuracy. Specifically, we look into the implications of a Stochastic Dynamic Programming (SDP) approach.
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