Dynamic Lead-Time Quotation for an M/M/1 Base-Stock Inventory Queue.
Seçil SavasanerilPaul M. GriffinPinar KeskinocakPublished in: Oper. Res. (2010)
Keyphrases
- lead time
- holding cost
- supply chain
- service level
- single item
- multi echelon
- inventory systems
- queue length
- lot sizing
- inventory level
- inventory control
- assembly systems
- stochastic lead times
- single product
- setup cost
- periodic review
- stochastic demand
- infinite horizon
- planning horizon
- random variables
- optimal base stock levels
- poisson process
- reorder point
- single stage
- inventory costs
- lost sales
- total cost
- arrival rate
- markov chain
- inventory management
- scheduling problem
- multi item
- replenishment policy
- expected cost
- base stock levels
- utility function