Optimal production stopping time for perishable products with ramp-type quadratic demand dependent production and setup cost.
Shibaji PandaSubrata SahaManjusri BasuPublished in: Central Eur. J. Oper. Res. (2009)
Keyphrases
- setup cost
- production cost
- optimal production
- production rate
- production process
- lead time
- inventory level
- planning horizon
- joint replenishment
- lost sales
- raw material
- inventory systems
- multi item
- stochastic demand
- lot size
- production planning
- total cost
- inventory management
- single product
- manufacturing systems
- customer demand
- holding cost
- lot sizing
- infinite horizon
- inventory models
- single stage
- inventory control
- supply chain
- state dependent
- periodic review
- long run
- expected cost
- inventory policy
- service level
- dynamic pricing
- decision making
- finite horizon
- storage space
- steady state
- asymptotically optimal
- objective function
- single item
- random variables
- petri net
- knapsack problem