A sustainable inventory system with the advanced payment policy and trade-credit strategy for a two-warehouse inventory system.
Abu Hashan Md MashudHui-Ming WeeBiswajit SarkarYu-Hua Chiang LiPublished in: Kybernetes (2021)
Keyphrases
- revenue management
- lead time
- supply chain
- dynamic pricing
- stochastic demand
- infinite horizon
- single product
- service level
- multi item
- inventory management
- lot sizing
- state dependent
- optimal production
- profit maximization
- safety stock
- joint replenishment
- inventory control
- echelon stock
- finite horizon
- order quantity
- inventory policy
- holding cost
- ordering cost
- inventory costs
- production cost
- customer demand
- periodic review
- lot size
- expected cost
- optimal policy