Relief inventory modelling with stochastic lead-time and demand.
Rubel DasShinya HanaokaPublished in: Eur. J. Oper. Res. (2014)
Keyphrases
- lead time
- optimal base stock levels
- assembly systems
- periodic review
- periodic review inventory
- inventory control
- inventory systems
- supply chain
- base stock policies
- multi echelon
- demand distributions
- service level
- lost sales
- stochastic inventory
- lot sizing
- inventory level
- continuous review inventory
- single item
- single product
- holding cost
- planning horizon
- stochastic lead times
- single period
- base stock policy
- random variables
- setup cost
- single stage
- stochastic demand
- total cost
- infinite horizon
- poisson process
- sample path
- replenishment policy
- lot size
- customer demand
- inventory costs
- inventory models
- order quantity
- reorder point
- supply chain management
- utility function
- base stock levels
- probability distribution
- production inventory
- expected profit
- decision making
- inventory management
- markov chain