Using the convexities of total annual relevant costs to determine the optimal cycle times of inventory models for deteriorating items with permissible delay in payments.
Kun-Jen ChungPublished in: Comput. Ind. Eng. (2010)
Keyphrases
- inventory models
- fixed cost
- average cost
- setup cost
- periodic review
- finite horizon
- inventory policy
- single period
- lot size
- holding cost
- joint replenishment
- expected cost
- demand distributions
- infinite horizon
- total cost
- inventory control
- ordering cost
- lead time
- optimal solution
- optimal policy
- lost sales
- single item
- multistage
- dynamic programming
- lower bound
- service level
- order quantity
- optimal control
- linear programming
- upper bound