Optimal and near-optimal inventory control policies for a make-to-order inventory-production system.
Qi-Ming HeElizabeth M. JewkesJohn A. BuzacottPublished in: Eur. J. Oper. Res. (2002)
Keyphrases
- production system
- inventory policy
- optimal production
- control policies
- production rate
- production capacity
- supply chain
- production process
- finite horizon
- inventory level
- order quantity
- planning horizon
- multistage
- infinite horizon
- periodic review
- expert systems
- single item
- lot sizing
- lead time
- setup cost
- inventory control
- inventory systems
- service level
- long run
- bayesian networks
- multi item
- production cost
- manufacturing systems
- decision problems
- certainty factor