A stochastic version of the economic lot-size model

Rene Victor Valqui Vidal

A stochastic version of the economic lot-size model

Rene Victor Valqui Vidal

Research output: Contribution to journal › Journal article › Research › peer-review

Abstract

This paper deals with a stochastic version of the classical economic lot size model where demands are random variables. Assuming step function type distribution demands, the problem is shown to be approximated by a linear programming problem having the same structure as the deterministic one.

Original language	English
Journal	Control and Cybernetics
Volume	25
Issue number	4
Pages (from-to)	685-692
ISSN	0324-8569
Publication status	Published - 1996

Keywords

optimization
stochastic
lot-sizing

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title = "A stochastic version of the economic lot-size model",

abstract = "This paper deals with a stochastic version of the classical economic lot size model where demands are random variables. Assuming step function type distribution demands, the problem is shown to be approximated by a linear programming problem having the same structure as the deterministic one.",

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author = "Vidal, \{Rene Victor Valqui\}",

year = "1996",

language = "English",

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T1 - A stochastic version of the economic lot-size model

AU - Vidal, Rene Victor Valqui

PY - 1996

Y1 - 1996

N2 - This paper deals with a stochastic version of the classical economic lot size model where demands are random variables. Assuming step function type distribution demands, the problem is shown to be approximated by a linear programming problem having the same structure as the deterministic one.

AB - This paper deals with a stochastic version of the classical economic lot size model where demands are random variables. Assuming step function type distribution demands, the problem is shown to be approximated by a linear programming problem having the same structure as the deterministic one.

KW - optimization

KW - stochastic

KW - lot-sizing

M3 - Journal article

SN - 0324-8569

VL - 25

SP - 685

EP - 692

JO - Control and Cybernetics

JF - Control and Cybernetics

IS - 4

ER -

A stochastic version of the economic lot-size model

Abstract

Keywords

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