The value of Electronic Marketplace in a perishable product inventory system with auto-correlated demand.
Jie BaoChulung LeeLoo Hay LeePublished in: OR Spectr. (2007)
Keyphrases
- electronic marketplaces
- lead time
- inventory replenishment
- inventory systems
- lost sales
- dynamic pricing
- single product
- inventory control
- inventory level
- holding cost
- periodic review
- customer demand
- multi item
- stochastic inventory
- supply chain
- production capacity
- software agents
- total cost
- electronic commerce
- lot sizing
- replenishment policy
- stochastic demand
- optimal production
- joint replenishment
- single item
- planning horizon
- setup cost
- service level
- single stage
- expected profit
- production cost
- revenue management
- inventory models
- infinite horizon
- inventory management
- electronic markets
- optimal policy
- finite horizon
- selling season
- pricing strategies
- expected cost
- production planning
- supply chain management
- customer service
- inventory holding
- random variables
- production system
- life cycle
- artificial intelligence
- profit maximization
- inventory costs
- long run
- inventory policy
- production rate
- lot size
- raw material
- multistage
- single period
- cooperative
- multi agent