Optimal ordering policy for an inventory system with linearly increasing demand and allowable shortages under two levels trade credit financing.
B. C. GiriS. SharmaPublished in: Oper. Res. (2016)
Keyphrases
- ordering policy
- planning horizon
- supply chain
- lead time
- stochastic demand
- total cost
- lost sales
- finite horizon
- order quantity
- expected cost
- lot sizing
- production planning
- service level
- lot size
- inventory control
- fixed cost
- production system
- single product
- random variables
- inventory management
- inventory systems
- holding cost
- replenishment policy
- manufacturing systems
- inventory level
- infinite horizon
- long run
- single item
- supply chain management
- optimal policy
- production cost
- raw material
- standard deviation
- single stage
- setup cost
- average cost
- cost function
- batch size
- markov decision processes
- reinforcement learning
- joint replenishment
- inventory replenishment
- optimal solution