Joint-replenishment problem under stochastic demands with backorders-lost sales mixtures, controllable lead times, and investment to reduce the major ordering cost.
Marcello BragliaDavide CastellanoMarco FrosoliniPublished in: J. Oper. Res. Soc. (2016)
Keyphrases
- lead time
- periodic review inventory
- lost sales
- ordering cost
- demand distributions
- periodic review
- supply chain
- inventory systems
- inventory control
- single item
- inventory models
- service level
- lot sizing
- stochastic lead times
- inventory management
- total cost
- base stock policies
- optimal policy
- setup cost
- single product
- holding cost
- inventory level
- single stage
- stochastic demand
- infinite horizon
- lot size
- random variables
- planning horizon
- finite horizon
- long run
- inventory policy
- reorder point
- stochastic inventory
- customer demand
- decision making
- multi item