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A real-time inventory model to manage variance of demand for decreasing inventory holding cost.
Orhan Torkul
Recep Yilmaz
Ihsan Hakan Selvi
Muhammet Rasit Cesur
Published in:
Comput. Ind. Eng. (2016)
Keyphrases
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lead time
holding cost
lot size
real time
inventory policy
replenishment policy
production cost
revenue management
total cost
supply chain
mathematical model
customer demand
probabilistic model
expected cost
high volume
lot sizing
state dependent
inventory level
inventory control
inventory systems
control system