Optimal inventory management and order book modeling
نویسندگان
چکیده
منابع مشابه
Optimal and near-optimal inventory control policies for a make-to-order inventory-production system
This paper examines several inventory replenishment policies for a make-to-order inventory–production system that consists of a production workshop and a warehouse. Demands arrive to the production workshop according to a Poisson process, and are processed in an FCFS manner. The production workshop requires that the warehouse provides, as needed, raw materials for use in the production process....
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In this paper we propose a dynamic model of Limit Order Book (LOB). The main feature of our model is that the shape of the LOB is determined endogenously by an expected utility function via a competitive equilibrium argument. Assuming zero resilience, the resulting equilibrium density of the LOB is random, nonlinear, and time inhomogeneous. Consequently, the liquidity cost can be defined dynami...
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We study the inventory control problem of a retailer working under stochastic demand and stochastic limited supply. We assume that the unfilled part of the retailer's order is fully backordered at the supplier and replenished with certainty in the following period. As it may not always be optimal for the retailer to replenish the backordered supply, we also consider the setting in which the ret...
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ژورنال
عنوان ژورنال: ESAIM: Proceedings and Surveys
سال: 2019
ISSN: 2267-3059
DOI: 10.1051/proc/201965145