An integrated single vendor-buyer inventory model for imperfect production process with stochastic demand in controllable lead time.
M. Ganesh KumarR. UthayakumarPublished in: Int. J. Syst. Assur. Eng. Manag. (2017)
Keyphrases
- lead time
- stochastic demand
- lot size
- supply chain
- production process
- stochastic lead times
- base stock policy
- inventory control
- cost function
- customer demand
- single item
- infinite horizon
- total cost
- probability distribution
- dynamic programming
- production cost
- inventory level
- lot sizing
- lost sales
- production system
- probabilistic model
- special case