Managing Perishable Multi-product Inventory with Supplier Fill-Rate, Price Reduction and Substitution.
Flemming Max Møller ChristensenKenn Steger-JensenIskra Dukovska-PopovskaPublished in: APMS (2) (2020)
Keyphrases
- lead time
- replenishment policy
- joint replenishment
- supply chain
- single product
- inventory systems
- base stock policy
- holding cost
- inventory control
- service level
- optimal production
- production capacity
- single item
- customer demand
- inventory level
- lost sales
- expected profit
- planning horizon
- random variables
- dynamic pricing
- lot sizing
- setup cost
- stochastic inventory
- total cost
- infinite horizon
- periodic review
- production process
- supply chain management
- inventory replenishment
- inventory models
- stochastic demand
- pricing strategies
- safety stock
- profit maximization
- production cost
- expected cost
- lot size
- production system
- optimal solution
- decision making