Inventory hedging and coordination under inventory-level-dependent demand.
Ting ZhangGeorge Q. HuangYuan ShiShulin LanPublished in: CASE (2014)
Keyphrases
- inventory level
- lead time
- expected cost
- total cost
- production inventory
- lost sales
- optimal policy
- inventory control
- production system
- long run
- periodic review
- state dependent
- single product
- customer demand
- infinite horizon
- inventory systems
- single period
- single stage
- dynamic pricing
- stochastic process
- production capacity
- supply chain
- production rate
- single item
- fixed cost
- service level
- bullwhip effect
- inventory models
- optimal production
- order quantity
- stochastic demand
- production cost
- cost function
- holding cost
- setup cost
- stationary distribution
- markov decision processes
- random variables
- random walk