Lost sales reduction and quality improvement with variable lead time and fuzzy costs in an imperfect production system.
Hardik N. SoniBiswajit SarkarAmalendu Singha MahapatraS. K. MazumderPublished in: RAIRO Oper. Res. (2018)
Keyphrases
- production system
- quality improvement
- lead time
- lost sales
- inventory level
- fixed cost
- periodic review
- holding cost
- total cost
- reorder point
- single item
- setup cost
- order quantity
- inventory models
- inventory systems
- planning horizon
- optimal production
- optimal base stock levels
- stochastic lead times
- stochastic inventory
- stochastic demand
- inventory control
- supply chain
- multistage
- demand distributions
- customer demand
- expected cost
- infinite horizon
- lot sizing
- single stage
- service level
- inventory management
- base stock policies
- single product
- optimal policy
- expert systems
- production process
- production rate
- multi item
- finite horizon
- artificial intelligence
- decision making
- random variables
- raw material
- utility function