Structural properties of the lost sales problem with fractional lead times.
Yanyi XuSang-Phil KimArnab BisiSuresh ChandMaqbool DadaPublished in: Oper. Res. Lett. (2019)
Keyphrases
- structural properties
- lost sales
- lead time
- inventory systems
- stochastic lead times
- inventory models
- sample path
- supply chain
- single stage
- inventory control
- inventory level
- periodic review
- lot sizing
- service level
- single item
- setup cost
- infinite horizon
- single product
- optimal policy
- random variables
- stochastic demand
- base stock policies
- optimal base stock levels
- holding cost
- planning horizon
- total cost
- single period
- demand distributions
- order quantity
- multi item
- expected cost
- base stock policy
- utility function
- stochastic inventory
- graphical models
- upper bound