Distribution-free approach for stochastic Joint-Replenishment Problem with backorders-lost sales mixtures, and controllable major ordering cost and lead times.
Marcello BragliaDavide CastellanoDongping SongPublished in: Comput. Oper. Res. (2017)
Keyphrases
- lead time
- lost sales
- periodic review
- inventory control
- inventory systems
- inventory models
- single product
- ordering cost
- single item
- infinite horizon
- supply chain
- single stage
- lot sizing
- inventory level
- stochastic demand
- service level
- inventory policy
- finite horizon
- lot size
- holding cost
- multi item
- total cost
- planning horizon
- random variables
- setup cost
- optimal policy
- large deviations
- fixed cost
- optimal control
- utility function
- multistage
- optimal solution
- state dependent
- stochastic process
- production planning
- order quantity
- production system
- dynamic programming