Optimal multi-product inventory grouping for coordinated periodic replenishment under stochastic demand.
Amiya K. ChakravartyG. E. MartinPublished in: Comput. Oper. Res. (1988)
Keyphrases
- stochastic demand
- inventory replenishment
- inventory control
- infinite horizon
- lead time
- single product
- finite horizon
- supply chain
- periodic review
- lost sales
- base stock policy
- optimal production
- dynamic pricing
- optimal policy
- customer demand
- total cost
- single item
- holding cost
- supply chain management
- ordering policy
- order quantity
- customer service
- lot sizing
- optimal control
- markov decision processes
- stochastic inventory