Optimization of inventory levels and production effort in Hybrid Inventory-Production (HIP) systems.
Davide GiglioRiccardo MinciardiSimona SaconeSilvia SiriPublished in: CASE (2008)
Keyphrases
- inventory level
- production system
- production inventory
- lead time
- production rate
- production cost
- total cost
- expected cost
- lost sales
- optimal policy
- lot size
- production capacity
- single product
- state dependent
- production planning
- single stage
- customer demand
- infinite horizon
- single period
- monte carlo
- inventory control
- inventory systems
- long run
- periodic review
- cost function