Barter exchange as the way to deal with excess inventory: newsvendor problem with multiplicative demand.
Milena BieniekPublished in: Oper. Res. Decis. (2022)
Keyphrases
- single period
- lead time
- inventory models
- order quantity
- stochastic inventory
- lost sales
- inventory control
- inventory level
- demand distributions
- inventory systems
- capacity expansion
- service level
- single product
- periodic review
- inventory management
- supply chain
- multi item
- demand forecasting
- planning horizon
- dynamic pricing
- lot size
- standard deviation
- infinite horizon
- stochastic demand
- production inventory
- inventory policy
- single item
- finite horizon
- revenue management
- setup cost
- bullwhip effect
- replenishment policy
- profit maximization
- optimal policy
- customer demand
- random variables
- integer programming
- holding cost
- facility location
- production cost