Deterministic ordering policy with price- and stock-dependent demand under fluctuating cost and limited capacity.
Chung-Yuan DyeTsu-Pang HsiehPublished in: Expert Syst. Appl. (2011)
Keyphrases
- limited capacity
- ordering policy
- lost sales
- planning horizon
- inventory level
- total cost
- stochastic demand
- order quantity
- expected cost
- operating costs
- fixed cost
- raw material
- inventory systems
- finite horizon
- lead time
- batch size
- scheduling problem
- infinite horizon
- manufacturing systems
- inventory management
- inventory control
- lot sizing
- production cost
- optimal policy
- supply chain
- single stage
- long run
- customer demand
- holding cost
- service level
- production planning
- cost function
- optimal solution
- average cost
- state dependent
- dynamic pricing
- lot size
- multi item
- setup cost
- finite state
- cost sensitive
- markov decision processes
- np hard
- active learning