Retailer's optimal ordering policy under supplier credits.
Chun-Tao ChangJinn-Tsair TengPublished in: Math. Methods Oper. Res. (2004)
Keyphrases
- order quantity
- ordering policy
- stochastic demand
- planning horizon
- supply chain
- lead time
- service level
- finite horizon
- inventory policy
- standard deviation
- batch size
- manufacturing systems
- infinite horizon
- raw material
- lost sales
- inventory systems
- uncertain demand
- optimal control
- replenishment policy
- quantity discount
- inventory control
- fixed cost
- inventory level
- total cost
- markov decision processes
- optimal policy
- single item
- expected cost
- production planning