Future paths for integer programming and links to artificial intelligence
Computers and Operations Research - Special issue: Applications of integer programming
Information distortion in a supply chain: the bullwhip effect
Management Science - Special issue on frontier research in manufacturing and logistics
A Single-Item Inventory Model for a Nonstationary Demand Process
Manufacturing & Service Operations Management
A Multi-Echelon Inventory System with Information Exchange
Management Science
The Value of Information Sharing in a Two-Level Supply Chain
Management Science
Multi-agent based distributed inventory control model
Expert Systems with Applications: An International Journal
Expert Systems with Applications: An International Journal
Study on the inventory control of deteriorating items under VMI model based on bi-level programming
Expert Systems with Applications: An International Journal
Expert Systems with Applications: An International Journal
Hi-index | 12.06 |
In this research, we deal with VMI (Vendor Managed Inventory) problem where one supplier is responsible for managing a retailer's inventory under unstable customer demand situation. To cope with the nonstationary demand situation, we develop a retrospective action-reward learning model, a kind of reinforcement learning techniques, which is faster in learning than conventional action-reward learning and more suitable to apply to the control domain where rewards for actions vary over time. The learning model enables the inventory control to become situation reactive in the sense that replenishment quantity for the retailer is automatically adjusted at each period by adapting to the change in customer demand. The replenishment quantity is a function of compensation factor that has an effect of increasing or decreasing the replenishment amount. At each replenishment period, a cost-minimizing compensation factor value is chosen in the candidate set. A simulation based experiment gave us encouraging results for the new approach.