A Stochastic Model of a Repairable-Item Inventory System with Attrition and Random Lead Times.
F. Russell RichardsPublished in: Oper. Res. (1976)
Keyphrases
- lead time
- stochastic model
- multi echelon
- setup cost
- base stock levels
- assembly systems
- supply chain
- service level
- inventory systems
- stochastic process
- total cost
- inventory control
- lot sizing
- stochastic lead times
- holding cost
- independent and identically distributed
- single item
- infinite horizon
- single product
- single stage
- optimal base stock levels
- inventory level
- planning horizon
- lot size
- fluid model
- random variables
- inventory models
- lost sales
- order quantity
- stochastic demand
- expected profit
- base stock policy
- finite horizon
- decision making