Integrated vendor-buyer cooperative inventory models with controllable lead time and ordering cost reduction.
Hung-Chi ChangLiang-Yuh OuyangKun-Shan WuChia-Huei HoPublished in: Eur. J. Oper. Res. (2006)
Keyphrases
- lead time
- cost reduction
- inventory models
- inventory control
- stochastic lead times
- service level
- supply chain
- planning horizon
- lost sales
- inventory policy
- setup cost
- ordering cost
- inventory systems
- holding cost
- single period
- lot sizing
- single item
- lot size
- infinite horizon
- single stage
- order quantity
- total cost
- periodic review
- single product
- demand distributions
- inventory level
- random variables
- decision making
- cost savings
- fixed cost
- utility function
- decision makers
- call center
- dynamic programming