An inventory system of ameliorating items for price dependent demand rate.
Biswajit MondalAsoke Kumar BhuniaManoranjan MaitiPublished in: Comput. Ind. Eng. (2003)
Keyphrases
- lead time
- inventory control
- replenishment policy
- lost sales
- inventory level
- inventory systems
- inventory management
- supply chain
- dynamic pricing
- stochastic demand
- single item
- planning horizon
- profit maximization
- lot size
- lot sizing
- single product
- revenue management
- production inventory
- multi item
- single period
- demand forecasting
- periodic review
- inventory models
- bullwhip effect
- inventory policy
- production cost
- optimal policy
- spare parts
- inventory replenishment
- operating costs
- holding cost
- infinite horizon
- production capacity
- inventory costs
- total cost
- supply chain management
- service level
- expected profit
- setup cost
- single stage
- customer demand
- order quantity
- steady state
- base stock policies
- safety stock
- ordering cost
- sample path
- allocation scheme