Optimization of a 2-stage series inventory system with stochastic demand and endogenous lead time uncertainty.
Xiayang WangPublished in: SOLI (2009)
Keyphrases
- lead time
- stochastic demand
- base stock policy
- inventory control
- supply chain
- single stage
- infinite horizon
- single item
- service level
- robust optimization
- lost sales
- lot sizing
- inventory systems
- random variables
- inventory level
- single product
- holding cost
- total cost
- setup cost
- stochastic lead times
- planning horizon
- periodic review
- inventory management
- finite horizon
- customer demand
- mathematical programming
- optimal production
- ordering cost
- order quantity
- inventory models
- optimal policy
- probability distribution
- dynamic programming