Optimal Price/Lead-Time Menus for Queues with Customer Choice: Segmentation, Pooling, and Strategic Delay.
Philipp AfècheJ. Michael PavlinPublished in: Manag. Sci. (2016)
Keyphrases
- lead time
- holding cost
- multi echelon
- single item
- supply chain
- total cost
- customer demand
- setup cost
- single product
- optimal base stock levels
- processor sharing
- inventory systems
- single server
- queue length
- service level
- replenishment policy
- base stock policy
- service times
- expected profit
- stochastic demand
- lot size
- infinite horizon
- arrival rate
- lot sizing
- periodic review
- planning horizon
- inventory level
- inventory control
- poisson process
- stochastic lead times
- dual sourcing
- dynamic programming
- expected cost
- lost sales
- assembly systems
- optimal solution
- average cost
- random variables
- customer service
- multi item
- independent and identically distributed
- customer satisfaction
- single stage