Selecting a set of best stochastic inventory policies measured by opportunity cost

Selecting a set of best stochastic inventory policies measured by opportunity cost

In the present article, we consider the stochastic inventory model aiming at selecting a subset of best policies with minimum total cost. When the computational budget is limited, then the optimal computing budget allocation (OCBA) is used for allocating the available computational budget to the dif...

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Bibliographic Details
Main Authors: Mohammad H. Almomani, Mahmoud H. Alrefaei
Format: Article
Language:English
Published: AIMS Press 2023-01-01
Series:AIMS Mathematics
Subjects:
stochastic inventory model
opportunity cost
computing budget allocation
simulation
optimization
Online Access:https://www.aimspress.com/article/doi/10.3934/math.2023244?viewType=HTML

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https://www.aimspress.com/article/doi/10.3934/math.2023244?viewType=HTML

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