Optimal replenishment and credit policy in an inventory model for deteriorating items under two-levels of trade credit policy when demand depends on both time and credit period involving default risk.
Avik MukherjeeGour Chandra MahataPublished in: RAIRO Oper. Res. (2018)
Keyphrases
- replenishment policy
- lead time
- economic order quantity
- base stock policy
- order quantity
- lot size
- stochastic demand
- inventory replenishment
- single product
- ordering policy
- optimal policy
- inventory policy
- inventory costs
- inventory management
- revenue management
- holding cost
- supply chain
- ordering cost
- lost sales
- planning horizon
- joint replenishment
- dynamic pricing
- single item
- customer demand
- inventory systems
- asymptotically optimal
- infinite horizon
- allocation policy
- single period
- state dependent
- inventory control
- service level
- control policy
- periodic review
- expected cost
- optimal pricing
- risk assessment
- credit risk
- optimal production
- finite horizon
- arrival rate
- risk analysis
- inventory models
- production cost