Determination of a robust economic period in the context of the Wilson Model

Authors
Citation
P. Vallin, Determination of a robust economic period in the context of the Wilson Model, RAIRO RE OP, 33(1), 1999, pp. 47-67
Citations number
6
Categorie Soggetti
Engineering Mathematics
Journal title
RAIRO-RECHERCHE OPERATIONNELLE-OPERATIONS RESEARCH
ISSN journal
03990559 → ACNP
Volume
33
Issue
1
Year of publication
1999
Pages
47 - 67
Database
ISI
SICI code
0399-0559(1999)33:1<47:DOAREP>2.0.ZU;2-0
Abstract
This paper presents results about the optimal order interval in a context o f fuzzy information about inventory management. The classical inventory mod el is based on well known cost and demand rate. In practice, this accurate estimation is very difficult to obtain, even impossible. Consequently, we p ropose a solation, not optimal in a classical sense, bur allowing to choose an action which is not far from the optimal policy whatever the economic p arameters may be. These parameters belong to a field which represents the e rror of estimation, this field is important to choose the solution.