On the decomposition property for a dynamic inventory rationing problem with multiple demand classes and backorder.
Lina BaoZhiying LiuYimin YuWei ZhangPublished in: Eur. J. Oper. Res. (2018)
Keyphrases
- lost sales
- lead time
- inventory systems
- single item
- inventory models
- service level
- inventory level
- sample path
- lot size
- single stage
- inventory control
- holding cost
- stochastic demand
- periodic review
- optimal policy
- inventory management
- lot sizing
- order quantity
- multi item
- supply chain
- total cost
- planning horizon
- infinite horizon
- production inventory
- setup cost
- finite horizon
- single product
- customer demand
- expected cost
- raw material
- upper bound
- single period
- base stock policies
- stochastic inventory
- base stock levels