Optimal ordering policies for a single deteriorating item with ramp-type demand rate under permissible delay in payments.
Yan ShiZhiyong ZhangFangming ZhouYongqiang ShiPublished in: J. Oper. Res. Soc. (2019)
Keyphrases
- inventory policy
- optimal production
- stochastic demand
- replenishment policy
- base stock policies
- ordering policy
- inventory management
- inventory models
- production system
- setup cost
- holding cost
- ordering cost
- transmission rate
- lead time
- production process
- optimal policy
- periodic review
- supply chain
- single item
- expected cost
- inventory control
- multi item
- service level
- optimal capacity
- optimal pricing
- lot sizing
- profit maximizing
- echelon stock
- maximum profit
- optimal solution
- partial order
- average cost
- asymptotically optimal
- lost sales
- revenue management