The simplified solution procedures for the optimal replenishment decisions under two levels of trade credit policy depending on the order quantity in a supply chain system.
Kun-Jen ChungPublished in: Expert Syst. Appl. (2011)
Keyphrases
- supply chain
- economic order quantity
- order quantity
- lead time
- inventory management
- service level
- decision making
- supply chain management
- reorder point
- bullwhip effect
- holding cost
- inventory control
- single period
- inventory systems
- optimal policy
- inventory policy
- single item
- single product
- standard deviation
- stochastic demand
- planning horizon
- lost sales
- dual sourcing
- replenishment policy
- infinite horizon
- optimal strategy
- lot sizing
- decision makers
- optimal solution
- periodic review
- vehicle routing
- inventory level
- graphical models