A rolling horizon simulation approach for managing demand with lead time variability.
Francisco Campuzano-BolarínJosefa MulaManuel Díaz-MadroñeroÁlvar-Gines Legaz-AparicioPublished in: Int. J. Prod. Res. (2020)
Keyphrases
- lead time
- lot sizing
- rolling horizon
- single item
- inventory systems
- supply chain
- multi item
- service level
- planning horizon
- inventory control
- setup cost
- demand variability
- assembly systems
- continuous review inventory
- holding cost
- total cost
- lost sales
- single product
- lot size
- mixed integer programming
- production planning
- stochastic lead times
- stochastic demand
- multistage
- infinite horizon
- inventory level
- replenishment policy
- demand distributions
- periodic review
- optimal base stock levels
- customer demand
- joint replenishment
- utility function
- random variables
- optimal control
- decision making