Optimal replenishment decision for retailers with variable demand for deteriorating products under a trade-credit policy.
Biswajit SarkarBikash Koli DeyMitali SarkarSun HurBuddhadev MandalVinti DhakaPublished in: RAIRO Oper. Res. (2020)
Keyphrases
- replenishment policy
- single product
- lead time
- inventory replenishment
- optimal production
- stochastic demand
- supply chain
- order quantity
- customer demand
- single item
- inventory management
- joint replenishment
- inventory policy
- optimal pricing
- lot sizing
- decision variables
- infinite horizon
- fixed cost
- finite horizon
- inventory control
- revenue management
- total cost
- expected profit
- holding cost
- decision making
- ordering cost
- lost sales
- dynamic pricing
- inventory systems
- periodic review
- single period
- optimal policy
- planning horizon
- uncertain demand
- base stock policy
- pricing strategies
- service level
- finished goods inventory
- long run
- inventory models
- average cost
- asymptotically optimal
- state dependent
- decision makers
- supply chain management
- production capacity
- safety stock
- production process
- bullwhip effect
- markov decision processes
- inventory level
- operating costs
- setup cost
- multi item