Optimal replenishment and stocking strategies for inventory mechanism with a dynamically stochastic short-term price discount.
Yiju WangHengxia GaoWei XingPublished in: J. Glob. Optim. (2018)
Keyphrases
- short term
- single period
- long term
- single product
- stochastic inventory
- order quantity
- inventory level
- optimal base stock levels
- lead time
- inventory replenishment
- base stock policies
- lost sales
- supply chain
- state dependent
- inventory models
- short term and long term
- optimal strategy
- replenishment policy
- expected cost
- finite horizon
- periodic review
- capacity expansion
- long term memory
- single item
- short and long term
- total cost
- optimal policy
- stock market
- inventory control
- echelon stock
- load forecasting
- inventory management
- joint replenishment
- holding cost
- lot size
- forecasting model
- infinite horizon
- sample path
- optimal solution
- stochastic demand
- wind speed
- service level
- computational model
- revenue management
- inventory systems
- dynamic pricing
- medium term
- long run
- neural network
- power generation
- fixed cost
- lot sizing
- dynamic programming
- support vector