Optimal ordering policies for deteriorating items with a return period and price-dependent demand under two-phase advance sales.
Mei-Chuan ChengTsu-Pang HsiehHsiu-Mei LeeLiang-Yuh OuyangPublished in: Oper. Res. (2020)
Keyphrases
- ordering policy
- ordering cost
- lot size
- planning horizon
- inventory policy
- replenishment policy
- periodic review
- stochastic demand
- lead time
- finite horizon
- holding cost
- lost sales
- order quantity
- inventory systems
- optimal policy
- inventory costs
- inventory replenishment
- dynamic pricing
- single stage
- inventory models
- single product
- optimal capacity
- infinite horizon
- revenue management
- base stock policies
- lot sizing
- supply chain
- expected cost
- inventory control
- single item
- service level
- multi item
- multistage
- total cost
- demand distributions
- fixed cost
- production planning
- single period
- batch size
- partial order
- dynamic programming
- raw material
- inventory level
- worst case
- mixed integer programming
- optimal solution
- optimal pricing
- production system
- approximately optimal
- joint replenishment
- expected profit
- optimal control
- control policies
- long run