An Inventory Decision Model with Variable Lead Time and Continuous Price Decrease.
Chuanxu WangPublished in: ISIP (2008)
Keyphrases
- lead time
- decision model
- supply chain
- decision making
- decision problems
- multi echelon
- service level
- decision models
- inventory systems
- decision makers
- single item
- inventory control
- inventory level
- lot sizing
- total cost
- stochastic lead times
- assembly systems
- single product
- optimal base stock levels
- utility function
- lot size
- planning horizon
- random variables
- periodic review
- holding cost
- setup cost
- infinite horizon
- decision theory
- lost sales
- stochastic demand
- inventory costs
- base stock levels
- expected profit
- replenishment policy
- np hard