Buyer's optimal ordering policy and payment policy under supplier credit.
Yung-Fu HuangPublished in: Int. J. Syst. Sci. (2005)
Keyphrases
- order quantity
- ordering policy
- stochastic demand
- service level
- lead time
- optimal policy
- batch size
- standard deviation
- finite horizon
- credit card
- supply chain
- inventory systems
- lost sales
- planning horizon
- single item
- markov decision processes
- single stage
- infinite horizon
- electronic commerce
- reinforcement learning
- manufacturing systems
- reverse auction
- inventory policy
- inventory control
- expected cost
- replenishment policy
- dual sourcing
- decision problems
- multistage
- upper bound