A heuristic to manage perishable inventory with batch ordering, positive lead-times, and time-varying demand.
Rob A. C. M. BroekmeulenKarel H. van DonselaarPublished in: Comput. Oper. Res. (2009)
Keyphrases
- lead time
- supply chain
- assembly systems
- inventory systems
- lot sizing
- service level
- single item
- inventory control
- single product
- single stage
- optimal solution
- stochastic lead times
- setup cost
- poisson process
- dynamic programming
- lost sales
- infinite horizon
- periodic review
- mixed integer programming
- total cost
- utility function
- random variables
- inventory level
- production planning
- independent and identically distributed
- stochastic demand
- graphical models
- service requirements