Coordinated decision-making on manufacturer's EPQ-based and buyer's period review inventory policies with stochastic price-sensitive demand: A credit option approach.
Mona JazinaninejadSeyed Mohammad SeyedhosseiniSeyyed-Mahdi Hosseini-MotlaghMohammadreza NematollahiPublished in: RAIRO Oper. Res. (2019)
Keyphrases
- inventory policy
- supply chain
- periodic review
- decision making
- inventory systems
- stochastic lead times
- planning horizon
- inventory control
- lead time
- inventory models
- single period
- expected profit
- order quantity
- service level
- lost sales
- single stage
- dual sourcing
- multi item
- production capacity
- stochastic demand
- infinite horizon
- supply chain management
- single item
- decision process
- inventory management
- decision makers
- single product
- long run
- decision support system
- lot sizing
- finite horizon
- customer demand
- real option
- production cost
- capacity expansion
- multistage
- optimal policy
- inventory level
- stochastic optimization
- electronic commerce
- fixed cost
- stochastic processes
- expected cost
- finite number
- holding cost
- setup cost
- sample path
- total cost