Integrating Replenishment Decisions with （将补充决策与）.pdf

Integrating Replenishment Decisions with Advance Demand Information Guillermo Gallego • Özalp Özer Department of Industrial Engineering and Operations Research, Columbia University, New York, New Yor k10027 Department of Management Science and Engineering, Stanford University, Stanford, California 94305 here is a growing consensus that a portfolio of customers with different demand lead Ttimes can lead to higher, more regular revenues and better capacity utilization .Cus- tomers with positive demand lead times place orders in advance of their needs, resulting in advance demand information .This gives rise to the problem of finding effective inventory control policies under advance demand information .We show that state-dependent s S and base-stock policies are optimal for stochastic inventory systems with and without fixed costs .The state of the system reflects our knowledge of advance demand information .We also determine conditions under which advance demand information has no operational value .A numerical study allows us to obtain additional insights and to evaluate strategies to induce advance demand information (Stochastic Inventory Systems; Advance Demand Information; Demand Lead Times) 1. Introduction portfolios will lead to higher, more regular revenues Different customers often have different willingness and better capacity utilization to pay for the speed with which their orders are filled Customers with