Inventory rationing and markdown strategy in the presence of lead-time sensitive customers.
Yangyang XieXiaoying LiangLijun MaHoumin YanPublished in: Oper. Res. Lett. (2016)
Keyphrases
- lead time
- inventory level
- holding cost
- service level
- reorder point
- base stock levels
- customer demand
- single item
- supply chain
- inventory control
- inventory systems
- multi echelon
- lost sales
- lot sizing
- call center
- expected profit
- planning horizon
- assembly systems
- total cost
- random variables
- stochastic lead times
- infinite horizon
- single product
- pricing strategies
- setup cost
- optimal base stock levels
- periodic review
- stochastic demand
- inventory costs
- production rate
- replenishment policy
- single stage
- optimal production
- information asymmetry
- order quantity
- lot size
- markov chain