Comprehensive solution procedure for optimizing replenishment policies of instantaneous deteriorating items with stock-dependent demand under partial trade credit linked to order quantity.
R. Sundara RajanR. UthayakumarPublished in: Int. J. Syst. Assur. Eng. Manag. (2017)
Keyphrases
- order quantity
- reorder point
- lead time
- inventory level
- replenishment policy
- lot size
- stochastic inventory
- service level
- lost sales
- optimal policy
- total cost
- inventory systems
- standard deviation
- inventory replenishment
- single period
- holding cost
- supply chain
- expected cost
- ordering policy
- stochastic demand
- single item
- setup cost
- lot sizing
- single stage
- inventory control
- single product
- production system
- infinite horizon
- periodic review
- state dependent
- planning horizon
- sample path
- inventory models
- upper bound