Optimal price and lot size determination for a perishable product under conditions of finite production, partial backordering and lost sale.
Santanu Kumar GhoshSudhansu KhanraK. S. ChaudhuriPublished in: Appl. Math. Comput. (2011)
Keyphrases
- lot size
- lead time
- production planning
- production cost
- finite horizon
- raw material
- lot sizing
- total cost
- multistage
- planning horizon
- setup cost
- production process
- holding cost
- service level
- mixed integer programming
- infinite horizon
- inventory systems
- dynamic programming
- supply chain
- integer programming
- knapsack problem
- long run average cost
- profit maximizing
- inventory costs
- multi item
- expected cost
- optimal control
- sufficient conditions
- graphical models