A Periodic-Review Base-Stock Inventory System with Sales Rejection.
Yanyi XuArnab BisiMaqbool DadaPublished in: Oper. Res. (2011)
Keyphrases
- periodic review
- inventory control
- inventory systems
- customer service
- single stage
- dynamic pricing
- lead time
- lost sales
- infinite horizon
- single item
- finite horizon
- inventory replenishment
- single product
- inventory level
- inventory models
- multi item
- stochastic inventory control
- base stock policies
- optimal policy
- multistage
- long run
- lot sizing
- stochastic demand
- supply chain
- fixed cost
- supply chain management
- total cost
- planning horizon
- single period
- special case
- markov decision processes
- optimal control
- production inventory
- service level
- customer satisfaction
- revenue management
- inventory policy
- max min
- stochastic optimization