Inventory strategies for perishable products with two-period shelf-life and lost sales.
Kebing ChenTiaojun XiaoShengbin WangDong LeiPublished in: Int. J. Prod. Res. (2021)
Keyphrases
- lost sales
- periodic review
- stochastic demand
- inventory systems
- lead time
- inventory control
- raw material
- inventory models
- stochastic inventory
- optimal policy
- single stage
- inventory management
- sample path
- multi item
- inventory level
- ordering policy
- order quantity
- infinite horizon
- demand distributions
- holding cost
- planning horizon
- customer demand
- expected cost
- base stock policy
- finite horizon
- stochastic lead times
- single product
- pricing strategies
- single period
- total cost
- optimal strategy
- lot sizing
- setup cost
- base stock policies
- single item
- production cost
- supply chain
- dynamic programming
- inventory policy
- ordering cost
- decision problems