Optimal ordering decisions with returns and excess inventory.
Hui-Ming TengPing-Hui HsuYufang ChiuHui-Ming WeePublished in: Appl. Math. Comput. (2011)
Keyphrases
- inventory policy
- optimal solution
- multi echelon
- supply chain
- worst case
- joint replenishment
- lead time
- decision makers
- decision making
- dynamic programming
- optimal design
- ordering cost
- allocation policy
- ordering policy
- data sets
- approximately optimal
- stochastic demand
- inventory control
- holding cost
- lot size
- state dependent
- closed form