Improved Approximation Guarantees for Periodic-Review Stochastic Inventory Control
In periodic-review stochastic inventory control, replenishment policies must balance holding and backlogging costs while responding to uncertain demands and evolving forecasts that may be arbitrarily correlated and nonstationary. In this general information setting, Levi, P{\'a}l, Roundy, and Shmoys (Mathematics of Ope...