A substitutable two-product inventory system with joint-ordering policy and common demand.
V. S. Sharma YadavalliC. De W. Van SchoorSwaminathan UdayabaskaranPublished in: Appl. Math. Comput. (2006)
Keyphrases
- ordering policy
- planning horizon
- raw material
- lost sales
- stochastic demand
- production planning
- finite horizon
- single product
- order quantity
- holding cost
- lead time
- inventory replenishment
- infinite horizon
- lot sizing
- inventory control
- optimal policy
- production cost
- total cost
- inventory systems
- customer demand
- inventory level
- supply chain
- manufacturing systems
- batch size
- inventory management
- expected cost
- fixed cost
- single item
- service level
- production capacity
- multistage
- multi item
- markov decision processes
- random variables
- production process
- single stage
- nash equilibrium
- upper bound
- optimal solution
- utility function
- standard deviation
- knapsack problem
- production system