A continuous review replenishment-disposal policy for an inventory system with autonomous supply and fixed disposal costs.
Çerag PinçeÜlkü GürlerEmre BerkPublished in: Eur. J. Oper. Res. (2008)
Keyphrases
- inventory replenishment
- ordering cost
- total cost
- inventory costs
- single product
- holding cost
- lead time
- dynamic pricing
- infinite horizon
- order quantity
- single item
- periodic review
- expected cost
- supply chain
- inventory level
- stochastic demand
- fixed cost
- inventory control
- lost sales
- optimal policy
- finite horizon
- optimal production
- ordering policy
- customer demand
- lot sizing
- inventory management
- inventory systems
- planning horizon
- raw material
- asymptotically optimal
- revenue management
- replenishment policy
- lot size
- inventory policy
- base stock policy
- stochastic inventory
- inventory holding
- production cost
- single stage
- safety stock
- optimal base stock levels
- bullwhip effect
- production capacity
- production rate
- arrival rate
- joint replenishment
- single period
- state dependent
- long run
- state space
- optimal solution