Bauso, D., Giarré, L. and Pesenti, R. (2004) Neuro-dynamic programming for cooperative inventory control. In: Proceedings of the American Control Conference. Proceeding of the 2004 American Control Conference , June 30 -July 2,2004 , Boston, MA, USA. IEEE , 5527 - 5532. ISBN 0780383354
Abstract
In Multi-Retailer Inventory Control the possibility of sharing set up costs motivates communication and coordination among the retailers. We solve the problem of finding suboptimal distributed reordering policies which minimize set up, ordering, storage and shortage costs, incurred by the retailers over a finite horizon. Neuro-Dynamic Programming (NDP) reduces the computational complexity of the solution algorithm from exponential to polynomial on the number of retailers.
Metadata
Item Type: | Proceedings Paper |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2004 IEEE. Personal use of this material is permitted. Permission from IEEE must be obtained for all other users, including reprinting/ republishing this material for advertising or promotional purposes, creating new collective works for resale or redistribution to servers or lists, or reuse of any copyrighted components of this work in other works |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Engineering (Sheffield) > Department of Automatic Control and Systems Engineering (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 29 Jan 2016 15:32 |
Last Modified: | 08 Mar 2016 22:43 |
Published Version: | http://ieeexplore.ieee.org/xpl/articleDetails.jsp?... |
Status: | Published |
Publisher: | IEEE |
Refereed: | Yes |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:89779 |