A novel approach to safety stock management in an integrated supply chain with controllable lead time and ordering cost reduction using present value.
S. TharaniR. UthayakumarPublished in: RAIRO Oper. Res. (2020)
Keyphrases
- lead time
- supply chain
- cost reduction
- safety stock
- service level
- supply chain management
- inventory policy
- decision making
- cost savings
- inventory management
- inventory control
- total cost
- holding cost
- bullwhip effect
- inventory systems
- lot sizing
- single item
- planning horizon
- inventory level
- infinite horizon
- customer demand
- lot size
- setup cost
- periodic review
- stochastic demand
- queue length
- data mining
- state space
- decision makers
- distribution network