Optimizing price, order quantity, and backordering level using a nonlinear holding cost and a power demand pattern.
Leopoldo Eduardo Cárdenas-BarrónBuddhadev MandalJoaquín SiciliaLuis Augusto San-JoséBeatriz Abdul-JalbarPublished in: Comput. Oper. Res. (2021)
Keyphrases
- lead time
- holding cost
- order quantity
- single item
- inventory level
- lost sales
- inventory systems
- service level
- total cost
- supply chain
- lot sizing
- expected cost
- setup cost
- stochastic demand
- inventory control
- production cost
- planning horizon
- single stage
- infinite horizon
- arrival rate
- asymptotically optimal
- random variables
- standard deviation
- upper bound
- lot size
- long run
- production system
- multi item
- lower bound
- optimal policy