Robustness of Order-Up-to Policies in Lost-Sales Inventory Systems.
Marco BijvankWoonghee Tim HuhGanesh JanakiramanWanmo KangPublished in: Oper. Res. (2014)
Keyphrases
- inventory systems
- lost sales
- periodic review
- single stage
- stochastic lead times
- multi item
- lead time
- optimal policy
- inventory models
- order quantity
- lot sizing
- multistage
- inventory control
- infinite horizon
- service level
- base stock policy
- stochastic demand
- decision making
- setup cost
- finite horizon
- markov chain
- single product
- expected cost
- cost function