A Threshold Inventory Rationing Policy for Service - Differentiated Demand Classes.
Vinayak DeshpandeMorris A. CohenKaren DonohuePublished in: Manag. Sci. (2003)
Keyphrases
- lost sales
- lead time
- optimal production
- optimal policy
- state dependent
- holding cost
- periodic review
- stochastic demand
- inventory systems
- inventory control
- planning horizon
- inventory level
- infinite horizon
- single item
- production process
- service level
- inventory management
- inventory models
- dynamic pricing
- single server
- single product
- finite horizon
- heavy traffic
- production rate
- finished goods inventory
- long run
- base stock levels
- expected cost
- customer service
- production system
- inventory policy
- production inventory
- ordering cost
- lot sizing
- supply chain
- inventory costs
- replenishment policy
- revenue management
- order quantity
- multi item
- base stock policy
- customer demand
- base stock policies
- inventory replenishment
- asymptotically optimal
- long run average cost
- total cost
- markov decision processes
- ordering policy
- single stage
- web services
- setup cost
- production planning
- single period
- scheduling policies
- steady state
- dynamic programming
- inventory holding
- call center
- queueing networks
- admission control
- arrival rate
- fixed cost
- safety stock
- pricing strategies
- service providers
- manufacturing systems
- queue length
- average cost