Keyphrases
- life cycle
- lead time
- expected profit
- replenishment policy
- product life cycle
- supply chain
- holding cost
- single item
- base stock policy
- single product
- product design
- stochastic demand
- software product
- infinite horizon
- customer demand
- mass production
- periodic review
- inventory control
- service level
- dual sourcing
- lot sizing
- finite horizon
- inventory policy
- joint replenishment
- setup cost
- inventory systems
- lot size
- asymptotically optimal
- order quantity
- design process
- assembly systems
- base stock policies
- demand variability
- ordering cost
- stochastic lead times
- random variables
- total cost
- revenue management
- dynamic programming
- optimal policy
- average cost
- expected cost
- long run
- optimal control
- optimal solution
- control policy
- expert systems
- utility function
- optimal strategy
- production planning
- production cost
- state dependent
- inventory level
- planning horizon