Optimizing a supply chain problem with nonlinear penalty costs for early and late delivery under generalized lead time distribution.
Monami Das RoyBhaba R. SarkerPublished in: Comput. Ind. Eng. (2021)
Keyphrases
- supply chain
- lead time
- total cost
- inventory holding
- single item
- customer demand
- holding cost
- setup cost
- cost savings
- supply chain management
- service level
- inventory systems
- periodic review
- inventory control
- expected profit
- inventory management
- single product
- stochastic demand
- planning horizon
- lot sizing
- random variables
- inventory level
- decision making
- infinite horizon
- objective function
- lot size
- single stage
- fixed cost
- joint replenishment
- replenishment policy
- multi item