Optimal Replenishment Strategy for Inventory Mechanism with Step-Shaped Demand.
Yiju WangDonglei DuJingfu HuangPublished in: J. Optim. Theory Appl. (2021)
Keyphrases
- inventory replenishment
- lead time
- single product
- dynamic pricing
- total cost
- order quantity
- replenishment policy
- multi echelon
- holding cost
- inventory control
- lost sales
- stochastic demand
- inventory management
- single item
- supply chain
- optimal base stock levels
- inventory level
- base stock policy
- finite horizon
- production inventory
- optimal strategy
- periodic review
- service level
- inventory systems
- infinite horizon
- joint replenishment
- expected cost
- lot sizing
- optimal policy
- setup cost
- inventory policy
- revenue management
- base stock policies
- uncertain demand
- lot size
- production capacity
- assembly systems
- bullwhip effect
- expected profit
- asymptotically optimal
- single period
- inventory models
- customer demand
- optimal pricing
- planning horizon
- ordering policy
- optimal solution
- single stage
- state dependent
- markov decision processes
- ordering cost
- arrival rate
- production system
- inventory holding
- optimal control
- sample path
- safety stock
- pricing strategies
- random variables
- production process