Optimal Integrated Ordering and Production Policy in a Supply Chain With Stochastic Lead-Time, Processing-Time, and Demand.
Dong-Ping SongPublished in: IEEE Trans. Autom. Control. (2009)
Keyphrases
- supply chain
- lead time
- inventory policy
- base stock policy
- periodic review
- base stock policies
- ordering cost
- optimal production
- single product
- dual sourcing
- service level
- planning horizon
- inventory systems
- lot size
- inventory control
- supply chain management
- infinite horizon
- single item
- holding cost
- inventory level
- production inventory
- expected profit
- stochastic demand
- lot sizing
- finished goods inventory
- replenishment policy
- customer demand
- safety stock
- capacity planning
- setup cost
- bullwhip effect
- inventory management
- production capacity
- order quantity
- total cost
- single period
- finite horizon
- lost sales
- multi item
- decision making
- inventory models
- production planning
- production cost
- inventory holding
- random variables
- state dependent
- single stage
- cost savings
- joint replenishment
- production rate
- production process