Deterministic and stochastic optimal inventory control with logistic stock-dependent demand rate.
A. TsoularisPublished in: Int. J. Math. Oper. Res. (2014)
Keyphrases
- inventory control
- base stock policies
- periodic review
- stochastic demand
- base stock policy
- reverse logistics
- assembly systems
- finite horizon
- inventory level
- lead time
- supply chain
- inventory policy
- demand distributions
- inventory replenishment
- inventory models
- single product
- single stage
- lost sales
- customer service
- expected cost
- infinite horizon
- optimal policy
- dynamic pricing
- single period
- fixed cost
- pricing strategies
- echelon stock
- sample path
- customer demand
- state dependent
- inventory systems
- supply chain management
- optimal control
- total cost
- markov decision processes
- multistage
- random variables
- decision making
- single item
- setup cost
- lot sizing
- dynamic programming
- optimal solution