Optimal inventory system with two backlog costs in response to a discount offer: corrections and complements.
Leopoldo Eduardo Cárdenas-BarrónKun-Jen ChungNima KazemiEhsan ShekarianPublished in: Oper. Res. (2018)
Keyphrases
- lead time
- single item
- holding cost
- periodic review
- total cost
- expected cost
- long run
- multi echelon
- inventory replenishment
- service level
- optimal base stock levels
- setup cost
- inventory systems
- production cost
- joint replenishment
- supply chain
- expected profit
- stochastic demand
- replenishment policy
- fixed cost
- lot sizing
- dynamic programming
- base stock policies
- inventory costs
- optimal solution
- lot size
- finite horizon
- objective function
- customer demand
- order quantity
- inventory management
- inventory control
- single product
- sample path
- lost sales
- inventory level
- operating costs
- infinite horizon
- optimal control
- lower bound