Letter to the Editor - An Ordering Policy for Stock Items when Delivery Can be Expedited.
S. G. AllenD. A. D'EsopoPublished in: Oper. Res. (1968)
Keyphrases
- ordering policy
- planning horizon
- finite horizon
- stochastic demand
- lost sales
- inventory level
- raw material
- manufacturing systems
- order quantity
- batch size
- optimal policy
- fixed cost
- total cost
- supply chain
- expected cost
- inventory control
- inventory systems
- production planning
- service level
- lot sizing
- markov decision processes
- lead time
- state space
- average cost
- production system
- multistage