Production-inventory system with finite production rate, stock-dependent demand, and variable holding cost.
Hesham K. AlfaresPublished in: RAIRO Oper. Res. (2014)
Keyphrases
- production inventory
- inventory level
- production rate
- holding cost
- lead time
- expected cost
- total cost
- production cost
- fixed cost
- infinite horizon
- planning horizon
- lost sales
- lot sizing
- setup cost
- supply chain
- inventory control
- long run
- customer demand
- single product
- state dependent
- production system
- optimal policy
- independent and identically distributed
- inventory systems
- service level
- single item
- dynamic programming
- periodic review
- finite number
- production planning
- dynamic pricing
- single stage
- cost function
- optimal strategy
- optimal control
- stochastic demand
- stationary distribution
- manufacturing systems
- production process
- average cost