Modeling and Analyzing a Joint Optimization Policy of Block-Replacement and Spare Inventory With Random-Leadtime.
Runqing HuangLingling MengLifeng XiC. Richard LiuPublished in: IEEE Trans. Reliab. (2008)
Keyphrases
- lead time
- joint optimization
- inventory level
- optimal policy
- infinite horizon
- single item
- expected cost
- replenishment policy
- supply chain
- periodic review
- stochastic demand
- single product
- inventory control
- inventory costs
- holding cost
- base stock policy
- optimal production
- service level
- inventory systems
- production inventory
- state dependent
- single stage
- lost sales
- finite horizon
- poisson process
- total cost
- dynamic pricing
- random variables
- long run
- lot sizing
- joint replenishment
- setup cost
- customer demand
- markov decision processes
- multistage
- dynamic programming
- lot size
- production rate
- data mining
- planning horizon
- finite state
- production system
- sparse representation