Inventory models with fixed and variable lead time crash costs considerations.

Jason Chao-Hsien Pan Yu-Cheng Hsiao Chin-Jen Lee

Published 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