A supply chain model using market-oriented programming to an inventory management strategy in consideration of lead time.
Kiyotaka ShimadaToshiyuki MiyamotoSadatoshi KumagaiPublished in: SMC (5) (2004)
Keyphrases
- supply chain
- lead time
- customer demand
- supply chain management
- inventory control
- service level
- replenishment policy
- product life cycle
- inventory management
- probabilistic model
- market prices
- lot sizing
- inventory systems
- lot size
- bullwhip effect
- inventory policy
- decision making
- base stock policy
- holding cost
- cost savings
- planning horizon
- stochastic demand
- infinite horizon
- single product
- production system
- dynamic programming
- cost function
- multi agent