Controlling lead times and minor ordering costs in the joint replenishment problem with stochastic demands under the class of cyclic policies.
Marcello BragliaDavide CastellanoLiberatina Carmela SantilloDongping SongPublished in: Int. Trans. Oper. Res. (2021)
Keyphrases
- demand distributions
- lead time
- stochastic inventory
- periodic review
- inventory control
- holding cost
- expected cost
- optimal base stock levels
- inventory systems
- inventory models
- planning horizon
- assembly systems
- multi item
- base stock policies
- infinite horizon
- single item
- supply chain
- lost sales
- ordering cost
- lot sizing
- total cost
- optimal policy
- single stage
- customer demand
- single period
- replenishment policy
- service level
- production planning
- independent and identically distributed
- random variables
- setup cost
- stochastic demand
- inventory policy
- order quantity
- inventory level
- stochastic lead times
- optimal production
- single product
- poisson process
- asymptotically optimal
- cost function
- base stock policy
- inventory costs
- long run
- average cost