The Repair Kit Problem with positive replenishment lead times and fixed ordering costs.
Dennis PrakNicola SaccaniAris A. SyntetosRuud H. TeunterFilippo VisintinPublished in: Eur. J. Oper. Res. (2017)
Keyphrases
- lead time
- ordering cost
- single product
- single item
- base stock levels
- total cost
- inventory control
- optimal base stock levels
- supply chain
- lot sizing
- lot size
- periodic review
- service level
- order quantity
- inventory costs
- setup cost
- holding cost
- inventory systems
- infinite horizon
- planning horizon
- customer demand
- assembly systems
- fixed cost
- optimal production
- base stock policy
- stochastic lead times
- stochastic demand
- reorder point
- random variables
- stochastic inventory
- finite horizon
- multi item
- inventory policy
- inventory level
- optimal solution
- base stock policies
- approximation methods
- revenue management
- lost sales
- markov chain
- decision making