Production and inventory control of auto parts based on predicted probabilistic distribution of inventory.
Ji-Sun ShinSungshin KimJang-Myung LeePublished in: Digit. Commun. Networks (2015)
Keyphrases
- inventory control
- lead time
- supply chain
- production capacity
- inventory level
- demand distributions
- stochastic demand
- periodic review
- assembly systems
- finite horizon
- customer service
- customer demand
- inventory models
- lost sales
- single product
- supply chain management
- production inventory
- dynamic pricing
- random variables
- lot size
- probabilistic model
- production system
- bayesian networks
- fixed cost
- inventory systems
- optimal policy
- pricing strategies
- base stock policies
- learning algorithm
- inventory replenishment
- single item
- setup cost
- planning horizon
- service level
- total cost
- probability distribution
- dynamic programming