Inventory systems for deteriorating items with shortages and a linear trend in demand-taking account of time value.
Kun-Jen ChungSui-Fu TsaiPublished in: Comput. Oper. Res. (2001)
Keyphrases
- inventory systems
- replenishment policy
- lead time
- multi item
- single item
- single stage
- lot sizing
- supply chain
- periodic review
- service level
- lost sales
- inventory control
- planning horizon
- lot size
- random variables
- infinite horizon
- stochastic lead times
- total cost
- multistage
- holding cost
- dynamic programming
- setup cost
- finite horizon
- stochastic demand
- markov chain
- single product
- graphical models