Optimal production policy of production system with inventory-level-dependent demand in segmented market.
Yogender SinghKuldeep ChaudharyP. C. JhaPublished in: IEEM (2011)
Keyphrases
- optimal production
- inventory level
- production system
- customer demand
- dynamic pricing
- production rate
- production process
- raw material
- lost sales
- expected cost
- lead time
- inventory control
- single product
- optimal policy
- inventory management
- total cost
- planning horizon
- multistage
- stochastic demand
- single stage
- fixed cost
- expert systems
- periodic review
- infinite horizon
- long run
- decision making
- state dependent
- inventory models
- stochastic process
- inventory policy
- inventory systems
- production line
- order quantity
- production cost
- cost function