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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 OpenAlexaff
Ming Hu, Yi Yang

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 Qi + 1/Qi 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 ri and Stage i + 1 has positive on-hand inventory, then a shipment is sent to Stage i to raise its echelon inventory position to ri + Qi 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 + K1/K2) times the optimal cost, where K1 is the downstream fixed cost and K2 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 K1 is dominated by K2. 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 h2/h1 → 0, where h1 is the downstream holding cost parameter and h2 is the upstream holding cost parameter.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.004
metaresearch head score (Gemma)0.015
Version: metacan-v3-hybrid-931329e0061cValidation 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: none
Teacher disagreement score0.004
Threshold uncertainty score0.020

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0040.015
Meta-epidemiology (narrow)0.0010.001
Meta-epidemiology (broad)0.0010.001
Bibliometrics0.0010.001
Science and technology studies0.0010.002
Scholarly communication0.0020.002
Open science0.0020.002
Research integrity0.0010.002
Insufficient payload (model declined to judge)0.0030.000

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

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations12
Published2014
Admission routes1
Has abstractyes

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