Mixture inventory model with back orders and lost sales for variable lead time demand with the mixtures of normal distribution.
Jong-Wuu WuHui-Yin TsaiPublished in: Int. J. Syst. Sci. (2001)
Keyphrases
- lead time
- normal distribution
- lost sales
- inventory level
- inventory systems
- stochastic lead times
- continuous review inventory
- supply chain
- lot size
- base stock policy
- inventory control
- stochastic demand
- lot sizing
- service level
- infinite horizon
- single item
- optimal base stock levels
- order quantity
- periodic review
- sample path
- planning horizon
- single product
- random variables
- multi item
- inventory models
- probability distribution
- periodic review inventory
- customer demand
- gaussian distribution
- single period
- production inventory
- setup cost
- replenishment policy
- reorder point
- base stock policies
- sufficient conditions
- holding cost
- probabilistic model
- expectation maximization
- cost function
- single stage
- bayesian networks
- mixture model
- total cost
- standard deviation