An empirical Bayes approach to incorporating demand intermittency and irregularity into inventory control.
Yuan YeYonggang LuPowell RobinsonArunachalam NarayananPublished in: Eur. J. Oper. Res. (2022)
Keyphrases
- inventory control
- stochastic demand
- lead time
- supply chain
- inventory models
- customer service
- assembly systems
- dynamic pricing
- lost sales
- customer demand
- finite horizon
- periodic review
- inventory systems
- base stock policies
- demand distributions
- decision trees
- supply chain management
- markov decision processes
- single product
- single period
- lot size
- ordering cost
- integer programming