Optimal Component Stocking Policy for Assemble-to-Order Systems with Lead-Time-Dependent Component and Product Pricing.
Vernon Ning HsuChung-Yee LeeKut C. SoPublished in: Manag. Sci. (2006)
Keyphrases
- single product
- lead time
- assemble to order systems
- base stock policy
- finite horizon
- holding cost
- supply chain
- expected cost
- pricing strategies
- infinite horizon
- periodic review
- stochastic demand
- inventory systems
- inventory replenishment
- dynamic pricing
- single period
- expected profit
- optimal policy
- profit maximizing
- dynamic programming
- search space
- independent and identically distributed
- revenue management
- planning horizon
- asymptotically optimal
- optimal control
- optimal production
- assembly systems
- cost function