Ordering and Inventory Policies for Step Changes in the Unit Item Cost: A Discounted Cash Flow Approach.
Robert W. GrubbströmBrian G. KingsmanPublished in: Manag. Sci. (2004)
Keyphrases
- cash flow
- inventory policy
- infinite horizon
- supply chain
- multi item
- real option
- finite horizon
- inventory models
- service level
- production system
- inventory systems
- production cost
- periodic review
- growth rate
- individual level
- fixed cost
- optimal policy
- stochastic demand
- average cost
- financial institutions
- setup cost
- multistage
- optimal control
- markov decision processes
- dynamic programming
- single stage
- holding cost
- single item
- production planning
- long run