Optimal Ordering Policy for Inventory Systems with Quantity-Dependent Setup Costs.
Shuangchi HeDacheng YaoHanqin ZhangPublished in: Math. Oper. Res. (2017)
Keyphrases
- inventory systems
- order quantity
- setup cost
- single stage
- lost sales
- multi item
- lead time
- lot sizing
- multistage
- holding cost
- planning horizon
- asymptotically optimal
- stochastic demand
- production cost
- single item
- total cost
- service level
- supply chain
- inventory control
- production planning
- fixed cost
- state dependent
- infinite horizon
- expected cost
- finite horizon
- long run
- optimal policy
- stochastic optimization
- inventory level
- max min
- combinatorial auctions
- dynamic programming
- mixed integer
- random variables
- average cost