Optimising inventory placement in a two-echelon distribution system with fulfillment-time-dependent demand.
Yue WangJoseph GeunesXiaofeng NiePublished in: Int. J. Prod. Res. (2022)
Keyphrases
- lead time
- safety stock
- supply chain
- multi item
- inventory costs
- stochastic inventory
- total cost
- inventory systems
- inventory management
- random variables
- service level
- inventory control
- demand distributions
- holding cost
- stochastic demand
- lost sales
- inventory level
- customer demand
- bullwhip effect
- inventory policy
- lot sizing
- setup cost
- assembly systems
- revenue management
- distribution network
- single item
- infinite horizon
- dynamic pricing
- single product
- lot size
- planning horizon
- distribution systems
- production cost
- demand forecasting
- probability distribution
- operating costs
- supply chain management
- long run
- production inventory
- periodic review
- inventory models
- robust optimization
- shop floor
- capacity expansion
- asymptotically optimal
- utility function
- optimal policy
- order quantity
- profit maximization
- decision making