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An optimal inventory model with partial backorders and diminishing demand rate.
Cheng-Hsiung Lee
Hung-Lin Lai
Jinshyang Roan
Published in:
Int. J. Model. Identif. Control. (2017)
Keyphrases
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lot size
inventory policy
computational model
probability distribution
mathematical model
probabilistic model
closed form
lead time
single period
bayesian networks
objective function
optimal solution
dynamic programming
state dependent
replenishment policy