Joint effect of selling price and promotional efforts on retailer's inventory control policy with trade credit, time-dependent holding cost, and partial backlogging under inflation.
Sharad KumarS. R. SinghSeema AgarwalDharmendra YadavPublished in: RAIRO Oper. Res. (2023)
Keyphrases
- holding cost
- replenishment policy
- control policy
- average cost
- long run
- planning horizon
- single product
- lead time
- total cost
- supply chain
- single item
- expected cost
- infinite horizon
- lot sizing
- lost sales
- setup cost
- periodic review
- finite horizon
- stochastic demand
- markov decision processes
- finite number
- arrival rate
- joint replenishment
- asymptotically optimal
- inventory systems
- lot size
- production cost
- inventory models
- finite state
- optimal control
- multistage
- heavy traffic
- linear programming
- inventory level
- optimal policy
- multi item
- linear program
- inventory control
- service level
- reinforcement learning
- computational complexity
- assembly systems
- dynamic programming
- inventory policy
- single stage
- fixed cost
- high volume
- production planning
- queueing networks
- single server
- real time
- markov decision process