Optimal production and rationing policies of a make-to-stock production system with batch demand and backordering.
Jianjun XuShaoxiang ChenBing LinRohit BhatnagarPublished in: Oper. Res. Lett. (2010)
Keyphrases
- optimal production
- production system
- inventory level
- inventory policy
- production process
- lost sales
- production rate
- multistage
- planning horizon
- inventory management
- expected cost
- optimal policy
- lead time
- expert systems
- total cost
- inventory models
- inventory control
- periodic review
- customer demand
- production line
- supply chain
- dynamic pricing
- inventory systems
- order quantity
- stochastic demand
- infinite horizon
- service level
- long run
- single product
- vehicle routing
- state dependent
- asymptotically optimal
- steady state