Inventory models with fixed and variable lead time crash costs considerations.
Jason Chao-Hsien PanYu-Cheng HsiaoChin-Jen LeePublished in: J. Oper. Res. Soc. (2002)
Keyphrases
- inventory models
- ordering cost
- fixed cost
- lead time
- total cost
- inventory control
- planning horizon
- setup cost
- infinite horizon
- lot sizing
- holding cost
- periodic review
- service level
- single item
- lost sales
- inventory level
- demand distributions
- finite horizon
- supply chain
- single product
- inventory policy
- mixed integer programming
- stochastic demand
- inventory systems
- single period
- lot size
- customer demand
- random variables
- multi item
- single stage
- production cost
- optimal policy
- production planning
- average cost
- decision making
- markov decision processes
- supply chain management
- order quantity
- long run
- mixed integer
- state space