Dynamic inventory rationing strategies for inventory systems with two demand classes, Poisson demand and backordering.
Ruud H. TeunterWillem K. Klein HaneveldPublished in: Eur. J. Oper. Res. (2008)
Keyphrases
- inventory systems
- lost sales
- lead time
- periodic review
- multi item
- single stage
- inventory control
- lot sizing
- inventory models
- inventory level
- stochastic lead times
- single item
- supply chain
- service level
- optimal policy
- inventory management
- stochastic demand
- infinite horizon
- single product
- planning horizon
- setup cost
- multistage
- order quantity
- expected cost
- finite horizon
- random variables
- holding cost
- pricing strategies
- markov decision processes
- total cost
- inventory policy
- base stock policy
- special case