Optimal procurement strategy of fresh produce retailer under stochastic product qualification and market demand.
Zhouyang LiangHongwei LiuMeihua ZuoHui ZhuYonghua ZuoPublished in: J. Control. Decis. (2021)
Keyphrases
- market demand
- supply chain
- single product
- uncertain demand
- stochastic model
- supply chain management
- finite horizon
- lead time
- optimal strategy
- periodic review
- customer demand
- total cost
- revenue management
- inventory systems
- pricing strategies
- inventory policy
- state dependent
- inventory management
- inventory control
- fixed cost
- infinite horizon
- manufacturing systems
- bayesian networks
- lot sizing
- decision makers
- optimal solution