Keyphrases
- lead time
- supply chain
- multi echelon
- inventory systems
- service level
- stochastic lead times
- single item
- lot sizing
- assembly systems
- inventory control
- inventory level
- planning horizon
- total cost
- setup cost
- lost sales
- periodic review
- single product
- infinite horizon
- base stock policy
- poisson process
- single stage
- optimal base stock levels
- inventory costs
- holding cost
- lot size
- random variables
- stochastic demand
- replenishment policy
- order quantity
- reorder point
- utility function