Optimal Inventory Policies when Purchase Price and Demand Are Stochastic.
Peter BerlingVíctor Martínez-de-AlbénizPublished in: Oper. Res. (2011)
Keyphrases
- inventory policy
- inventory models
- periodic review
- service level
- infinite horizon
- supply chain
- inventory systems
- multi item
- finite horizon
- single period
- expected profit
- inventory control
- production system
- production cost
- lead time
- lot sizing
- single item
- optimal solution
- stochastic optimization
- optimal control
- optimal policy
- worst case