Continuous-review, lost-sales inventory models with Poisson demand, a fixed lead time and no fixed order cost.
Roger M. HillPublished in: Eur. J. Oper. Res. (2007)
Keyphrases
- lost sales
- inventory models
- lead time
- setup cost
- inventory systems
- ordering cost
- inventory control
- holding cost
- supply chain
- single stage
- service level
- stochastic lead times
- total cost
- sample path
- periodic review
- lot sizing
- inventory policy
- inventory level
- demand distributions
- single item
- stochastic demand
- single period
- planning horizon
- multi item
- single product
- lot size
- order quantity
- customer demand
- fixed cost
- expected cost
- production cost
- infinite horizon
- production planning
- optimal policy
- finite horizon
- random variables
- base stock policies
- bayesian networks
- special case
- search space
- lower bound