An optimal inventory control in hybrid manufacturing/remanufacturing system with deteriorating and defective items.
Ali Khaleel DhaibanMd. Azizul BatenNazrina AzizPublished in: Int. J. Math. Oper. Res. (2018)
Keyphrases
- inventory control
- stochastic demand
- optimal production
- periodic review
- finite horizon
- inventory models
- pricing strategies
- production planning
- lead time
- customer demand
- manufacturing systems
- single product
- supply chain
- optimal solution
- infinite horizon
- optimal policy
- dynamic pricing
- dynamic programming
- state space
- raw material
- markov decision processes
- lost sales
- lot sizing
- cost sensitive