Optimal inventory policy for perishable products without replenishment.
Hengyu LiuYihong RuPublished in: LISS (2016)
Keyphrases
- inventory policy
- expected profit
- lead time
- supply chain
- infinite horizon
- lost sales
- service level
- periodic review
- inventory models
- finite horizon
- inventory systems
- multi item
- single product
- inventory control
- inventory replenishment
- joint replenishment
- single item
- production cost
- dynamic programming
- total cost
- replenishment policy
- customer demand
- inventory level
- single stage
- expected cost
- optimal policy
- decision making
- setup cost
- holding cost
- supply chain management
- production system
- resource allocation