A joint optimal ordering and delivery policy for an integrated supplier-retailer inventory model with trade credit and defective items.
Yu-Jen LinLiang-Yuh OuyangYa-Fang DangPublished in: Appl. Math. Comput. (2012)
Keyphrases
- inventory policy
- ordering policy
- supply chain
- order quantity
- lead time
- service level
- stochastic demand
- finite horizon
- infinite horizon
- economic order quantity
- state dependent
- objective function
- multi item
- lost sales
- probability distribution
- probabilistic model
- multi echelon
- replenishment policy
- planning horizon
- base stock policy
- expected profit
- inventory models
- markov decision processes
- optimal policy
- cost function