Optimal strategy for an integrated inventory system involving variable production and defective items under retailer partial trade credit policy.
Hardik N. SoniKamlesh A. PatelPublished in: Decis. Support Syst. (2012)
Keyphrases
- optimal strategy
- expected cost
- optimal production
- inventory level
- inventory costs
- inventory policy
- decision problems
- optimal policy
- base stock policy
- single product
- stochastic demand
- planning horizon
- dynamic pricing
- order quantity
- supply chain
- safety stock
- lead time
- ordering policy
- fixed cost
- production inventory
- production rate
- infinite horizon
- lot size
- production cost
- monte carlo
- inventory management
- holding cost
- production capacity
- lost sales
- production process
- finite horizon
- inventory models
- selling season
- production system
- long run
- total cost
- ordering cost
- inventory control
- production planning
- multi item
- mathematical models
- lot sizing
- cost function
- quantity discount
- service level
- cooperative game
- dynamic programming
- revenue management
- replenishment policy
- customer demand
- state dependent
- demand function
- single item
- multistage
- artificial intelligence
- sufficient conditions
- supply chain management
- decision variables
- raw material
- single stage