Inventory model involving controllable backorder rate and variable lead time demand with the mixtures of distribution.
Wen-Chuan LeePublished in: Appl. Math. Comput. (2005)
Keyphrases
- lead time
- lot size
- replenishment policy
- poisson process
- base stock policy
- supply chain
- total cost
- lot sizing
- probabilistic model
- random variables
- service level
- multi echelon
- customer demand
- inventory systems
- lost sales
- inventory level
- reorder point
- single item
- holding cost
- inventory management
- inventory costs
- continuous review inventory
- stochastic inventory
- periodic review inventory
- cost function
- single period
- stochastic demand
- setup cost
- finite horizon
- arrival rate
- graphical models
- probability distribution
- dynamic programming