Deterministic inventory lot-size models with shortages for fluctuating demand and unit purchase cost.
Jinn-Tsair TengMaw-Sheng ChernYa-Lan ChanPublished in: Int. Trans. Oper. Res. (2005)
Keyphrases
- lot size
- total cost
- planning horizon
- lead time
- lot sizing
- production cost
- inventory costs
- setup cost
- multistage
- production planning
- finite horizon
- long run average cost
- probabilistic model
- raw material
- lost sales
- complex systems
- multi item
- service level
- holding cost
- mathematical models
- inventory systems
- production rate
- graphical models
- supply chain