Optimal production lot size and reorder point of a two-stage supply chain while random demand is sensitive with sales teams' initiatives.
Shib Sankar SanaPublished in: Int. J. Syst. Sci. (2016)
Keyphrases
- supply chain
- planning horizon
- lot size
- reorder point
- lead time
- supply chain management
- inventory management
- inventory level
- dynamic pricing
- stochastic demand
- inventory control
- service level
- total cost
- lot sizing
- raw material
- decision making
- holding cost
- order quantity
- single item
- fixed cost
- customer demand
- production planning
- production rate
- inventory systems
- setup cost
- infinite horizon
- reinforcement learning