Controlling for variability in demand for an s, S inventory system.
Keith A. KlafehnPublished in: WSC (1978)
Keyphrases
- lead time
- inventory control
- lost sales
- inventory level
- inventory systems
- inventory management
- stochastic demand
- dynamic pricing
- planning horizon
- supply chain
- demand forecasting
- lot size
- revenue management
- demand variability
- multi item
- single period
- inventory policy
- single product
- holding cost
- service level
- periodic review
- inventory costs
- profit maximization
- lot sizing
- total cost
- customer demand
- inventory models
- bullwhip effect
- multi period
- production cost
- single item
- production inventory
- order quantity
- production rate
- setup cost
- stochastic inventory
- inventory replenishment
- infinite horizon
- finite horizon
- assembly systems
- ordering cost
- replenishment policy
- optimal policy
- single stage
- stochastic lead times
- joint replenishment
- operating costs
- safety stock
- intra class
- arrival rate
- demand function
- dynamic programming