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Record W2108062658 · doi:10.1287/opre.2014.1291

Modified Echelon (<i>r, Q</i>) Policies with Guaranteed Performance Bounds for Stochastic Serial Inventory Systems

2014· article· en· W2108062658 on OpenAlex

Why this work is in the frame

A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.

affAt least one author lists a Canadian institution in the pinned OpenAlex snapshot.

Bibliographic record

VenueOperations Research · 2014
Typearticle
Languageen
FieldBusiness, Management and Accounting
TopicAdvanced Queuing Theory Analysis
Canadian institutionsUniversity of Toronto
Fundersnot available
KeywordsHeuristicMathematical optimizationPosition (finance)Upstream (networking)Upper and lower boundsComputer scienceInteger (computer science)Poisson distributionHomogeneousInventory controlFixed costHolding costMathematicsOperations researchCombinatoricsEconomicsStatisticsMicroeconomics

Abstract

fetched live from OpenAlex

We consider the classic continuous-review Nstage serial inventory system with a homogeneous Poisson demand arrival process at the most downstream stage (Stage 1). Any shipment to each stage, regardless of its size, incurs a positive fixed setup cost and takes a positive constant lead time. The optimal policy for this system under the long-run average cost criterion is unknown. Finding a good worst-case performance guarantee remains an open problem. We tackle this problem by introducing a class of modified echelon (r, Q) policies that do not require Q i + 1 /Q i to be a positive integer: Stage i + 1 ships to Stage i based on its observation of the echelon inventory position at Stage i; if it is at or below r i and Stage i + 1 has positive on-hand inventory, then a shipment is sent to Stage i to raise its echelon inventory position to r i + Q i as close as possible. We construct a heuristic policy within this class of policies, which has the following features: First, it has provably primitive-dependent performance bounds. In a two-stage system, the performance of the heuristic policy is guaranteed to be within (1 + K 1 /K 2 ) times the optimal cost, where K 1 is the downstream fixed cost and K 2 is the upstream fixed cost. We also provide an alternative performance bound, which depends on efficiently computable optimal (r, Q) solutions to N single-stage systems but tends to be tighter. Second, the heuristic is simple, it is efficiently computable and it performs well numerically; it is even likely to outperform the optimal integer-ratio echelon (r,Q) policies when K 1 is dominated by K 2 . Third, the heuristic is asymptotically optimal when we take some dominant relationships between the setup or holding cost primitives at an upstream stage and its immediate downstream stage to the extreme, for example, when h 2 /h 1 → 0, where h 1 is the downstream holding cost parameter and h 2 is the upstream holding cost parameter.

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Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.002
metaresearch head score (Gemma)0.001
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: Simulation or modeling
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.211
Threshold uncertainty score0.984

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0020.001
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0010.001
Science and technology studies0.0010.000
Scholarly communication0.0010.001
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0000.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.056
GPT teacher head0.320
Teacher spread0.264 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it