Efficient near-optimal procedures for some inventory models with backorders-lost sales mixture and controllable lead time, under continuous or periodic review.
Marcello BragliaDavide CastellanoDongping SongPublished in: Int. J. Math. Oper. Res. (2018)
Keyphrases
- lost sales
- inventory models
- lead time
- periodic review
- inventory systems
- inventory control
- sample path
- optimal policy
- single stage
- supply chain
- service level
- single item
- finite horizon
- infinite horizon
- multi item
- inventory level
- single period
- single product
- stochastic demand
- demand distributions
- holding cost
- base stock policies
- lot sizing
- random variables
- inventory policy
- expected cost
- total cost
- order quantity
- parallel machines
- mixed integer
- dynamic programming
- setup cost