Stochastic inventory system with lead time flexibility: offered by a manufacturer/transporter.
Metin ÇakanyildirimSirong LuoPublished in: J. Oper. Res. Soc. (2017)
Keyphrases
- lead time
- stochastic inventory
- supply chain
- stochastic lead times
- order quantity
- demand variability
- reorder point
- multi item
- inventory systems
- service level
- lost sales
- lot sizing
- inventory control
- single item
- total cost
- single period
- infinite horizon
- holding cost
- single stage
- customer demand
- inventory policy
- random variables
- inventory level
- stochastic demand
- setup cost
- production planning
- single product
- inventory management
- planning horizon
- periodic review
- inventory models
- sample path
- decision making