Optimal lot-sizing policy for a manufacturer with defective items in a supply chain with up-stream and down-stream trade credits.
Kuo-Ren LouLu WangPublished in: Comput. Ind. Eng. (2013)
Keyphrases
- supply chain
- lot sizing
- lead time
- inventory policy
- multi item
- supplier selection
- planning horizon
- replenishment policy
- single item
- joint replenishment
- holding cost
- inventory systems
- single product
- supply chain management
- periodic review
- stochastic demand
- quantity discount
- multi period
- setup cost
- production planning
- infinite horizon
- inventory control
- lot size
- multistage
- expected profit
- inventory holding
- service level
- fixed cost
- pricing strategies
- order quantity
- revenue sharing
- customer demand
- inventory management
- mixed integer
- decision making
- asymptotically optimal
- expected cost
- finished goods inventory
- lost sales
- inventory models
- arrival rate
- long run
- optimal control
- dynamic programming