Challenges in Modeling Demand for Inventory Optimization of Slow-Moving Items.
Frank GrangePublished in: WSC (1998)
Keyphrases
- lead time
- supply chain
- single period
- inventory management
- inventory systems
- optimization algorithm
- lessons learned
- real world
- stochastic demand
- dynamic pricing
- inventory level
- production cost
- optimization method
- capacity expansion
- lost sales
- inventory control
- multi objective
- real time
- inventory models
- demand forecasting
- production inventory
- inventory costs
- production rate
- planning horizon
- optimization process
- global optimization
- optimization problems
- evolutionary algorithm