Lead time and ordering cost reductions in continuous review inventory systems with partial backorders.
Liang-Yuh OuyangCheng-Kang ChenHung-Chi ChangPublished in: J. Oper. Res. Soc. (1999)
Keyphrases
- lead time
- continuous review inventory
- inventory control
- single item
- single product
- supply chain
- lot sizing
- service level
- infinite horizon
- ordering cost
- lot size
- inventory systems
- planning horizon
- setup cost
- total cost
- lost sales
- periodic review
- random variables
- holding cost
- stochastic demand
- reorder point
- inventory level
- customer demand
- order quantity
- finite horizon
- utility function
- optimal solution
- inventory models
- mixed integer