The costs and benefits of commonality in assemble-to-order systems with a (Q, r)-policy for component replenishment.
Mark S. HillierPublished in: Eur. J. Oper. Res. (2002)
Keyphrases
- assemble to order systems
- inventory replenishment
- total cost
- inventory costs
- expected cost
- holding cost
- single product
- cost savings
- inventory control
- dynamic pricing
- markov chain
- infinite horizon
- customer demand
- allocation policies
- lead time
- stochastic demand
- finite horizon
- average cost
- inventory management
- order quantity
- lost sales
- fixed cost
- optimal policy
- production cost
- allocation policy
- asymptotically optimal
- periodic review
- single item
- dynamic programming
- markov decision processes
- cost benefit
- revenue management
- setup cost