Optimal advertising/ordering policy and finance mode selection for a capital-constrained retailer with stochastic demand.
Yong-Wu ZhouBin CaoYuanguang ZhongYongzhong WuPublished in: J. Oper. Res. Soc. (2017)
Keyphrases
- stochastic demand
- ordering policy
- infinite horizon
- inventory control
- finite horizon
- lead time
- optimal policy
- planning horizon
- order quantity
- lost sales
- single item
- supply chain
- dynamic programming
- long run
- fixed cost
- batch size
- optimal control
- average cost
- manufacturing systems
- raw material
- total cost
- multistage
- machine learning
- lot sizing
- upper bound