Simulation-optimization approach for a continuous-review, base-stock inventory model with general compound demands, random lead times, and lost sales.
Ahmad AttarSadigh RaissiKaveh Khalili DamghaniPublished in: Simul. (2016)
Keyphrases
- lead time
- lost sales
- inventory systems
- demand distributions
- lot size
- inventory control
- special case
- base stock policy
- service level
- inventory level
- single stage
- single item
- base stock policies
- single period
- customer demand
- probability distribution
- probabilistic model
- bayesian networks
- markov chain
- supply chain
- objective function