A Simple Heuristic for Joint Inventory and Pricing Models with Lead Time and Backorders.
Fernando BernsteinYang LiKevin H. ShangPublished in: Manag. Sci. (2016)
Keyphrases
- lead time
- supply chain
- single product
- inventory control
- service level
- single item
- multi echelon
- lot size
- periodic review
- lost sales
- lot sizing
- assembly systems
- holding cost
- reorder point
- total cost
- planning horizon
- inventory systems
- setup cost
- infinite horizon
- demand distributions
- inventory level
- optimal base stock levels
- probabilistic model
- customer demand
- sufficient conditions
- single stage
- random variables
- order quantity
- inventory models
- inventory management
- production cost
- utility function
- replenishment policy
- stochastic lead times
- upper bound