Ergodic inventory control with diffusion demand and general ordering costs.
Bo WeiDacheng YaoPublished in: Oper. Res. Lett. (2021)
Keyphrases
- inventory control
- demand distributions
- ordering cost
- customer demand
- stochastic demand
- lead time
- periodic review
- supply chain
- inventory models
- finite horizon
- lost sales
- inventory replenishment
- assembly systems
- customer service
- expected cost
- fixed cost
- special case
- base stock policies
- dynamic pricing
- inventory policy
- single product
- total cost
- inventory level
- infinite horizon
- long run
- single item
- average cost
- markov chain
- inventory management
- pricing strategies
- multi item