An incentive contract for leadtime reduction in an (S-1, S) inventory system.
Jun-Yeon LeePublished in: Comput. Oper. Res. (2009)
Keyphrases
- lead time
- supply chain
- information asymmetry
- assembly systems
- principal agent
- single item
- service level
- lot sizing
- inventory systems
- inventory control
- poisson process
- optimal base stock levels
- infinite horizon
- holding cost
- inventory level
- total cost
- single product
- setup cost
- planning horizon
- lot size
- stochastic demand
- replenishment policy
- stochastic lead times
- periodic review
- base stock policy
- customer demand
- lost sales
- random variables
- single stage
- joint replenishment
- ordering cost
- multi item
- queue length
- utility function