An operational policy for an integrated inventory system under consignment stock policy with controllable lead time and buyers' space limitation.
Huizhi YiBhaba R. SarkerPublished in: Comput. Oper. Res. (2013)
Keyphrases
- lead time
- periodic review inventory
- base stock levels
- base stock policy
- inventory level
- supply chain
- holding cost
- infinite horizon
- stochastic demand
- single product
- lot sizing
- inventory systems
- inventory control
- multi echelon
- periodic review
- cost reduction
- inventory costs
- service level
- replenishment policy
- single item
- reorder point
- total cost
- optimal production
- optimal policy
- stochastic lead times
- order quantity
- assembly systems
- optimal base stock levels
- customer demand
- lost sales
- random variables
- setup cost
- planning horizon
- independent and identically distributed
- base stock policies
- lot size
- multi item
- expected profit
- finite horizon
- ordering cost
- supply chain management
- expected cost
- inventory policy
- markov decision process
- long run
- dual sourcing
- multistage
- inventory models
- dynamic programming
- reinforcement learning