A heuristic for rationing inventory in two demand classes with backlog costs and a service constraint.
Daqin WangOu TangJiazhen HuoPublished in: Comput. Oper. Res. (2013)
Keyphrases
- lead time
- single item
- capacity constraints
- service level
- lost sales
- periodic review
- holding cost
- inventory systems
- inventory costs
- total cost
- safety stock
- inventory holding costs
- setup cost
- supply chain
- long run
- lot sizing
- planning horizon
- inventory control
- inventory level
- stochastic demand
- base stock levels
- fixed cost
- expected cost
- base stock policy
- order quantity
- inventory models
- call center
- multi item
- production capacity
- single product
- optimal production
- customer demand
- sample path
- base stock policies
- infinite horizon
- heavy traffic
- single stage
- random variables
- lot size
- replenishment policy
- inventory holding
- mixed integer programming
- single server
- stochastic inventory
- ordering cost
- optimal policy
- dynamic programming
- optimal solution
- demand distributions
- expected profit
- multistage
- state space
- transportation costs
- customer service
- production cost