Optimal ordering policy for stock-dependent demand under progressive payment scheme.
Hardik N. SoniNita H. ShahPublished in: Eur. J. Oper. Res. (2008)
Keyphrases
- ordering policy
- payment scheme
- stochastic demand
- planning horizon
- finite horizon
- batch size
- lost sales
- order quantity
- inventory level
- single item
- lot sizing
- expected cost
- lead time
- credit card
- raw material
- total cost
- manufacturing systems
- dynamic programming
- infinite horizon
- optimal policy
- inventory systems
- inventory control
- lot size
- state dependent
- optimal solution
- batch mode
- inventory management
- decision trees
- asymptotically optimal
- markov decision processes
- electronic commerce
- active learning