A location-inventory-pricing model in a closed loop supply chain network with correlated demands and shortages under a periodic review system.
Elham AhmadzadehBehnam VahdaniPublished in: Comput. Chem. Eng. (2017)
Keyphrases
- closed loop
- planning horizon
- periodic review
- pricing model
- supply chain
- lead time
- inventory control
- inventory systems
- single product
- inventory models
- dynamic pricing
- lot sizing
- single stage
- total cost
- control system
- lost sales
- single item
- expected cost
- infinite horizon
- production planning
- service level
- inventory level
- ordering cost
- customer demand
- multi item
- fixed cost
- finite horizon
- single period
- real option
- base stock policies
- holding cost
- long run
- multistage
- random variables
- production system
- stochastic demand
- inventory policy
- cost function
- supply chain management
- optimal policy
- decision making
- production cost
- probability distribution
- dynamic programming
- objective function
- real time