On 'Optimal production policy with shelf life including shortages'.
S. K. GoyalS. ViswanathanPublished in: J. Oper. Res. Soc. (2006)
Keyphrases
- optimal production
- planning horizon
- production process
- production system
- optimal policy
- expected cost
- lot sizing
- supply chain
- production planning
- inventory management
- total cost
- manufacturing systems
- lead time
- production rate
- raw material
- stochastic demand
- state dependent
- infinite horizon
- inventory models
- inventory level
- service level
- inventory policy
- lot size
- random variables
- knapsack problem
- inventory systems
- multistage
- inventory control
- cost function
- state space
- decision making
- lost sales
- finite horizon
- markov decision process
- long run
- steady state
- single product
- expert systems