An Optimal Production and Shutdown Strategy when a Supplier Offers an Incentive Program.
Xiuli ChaoFrank Y. ChenPublished in: Manuf. Serv. Oper. Manag. (2005)
Keyphrases
- optimal production
- production process
- production system
- expected cost
- optimal policy
- inventory management
- planning horizon
- state dependent
- optimal strategy
- raw material
- supply chain
- inventory policy
- manufacturing systems
- stochastic demand
- infinite horizon
- production rate
- production planning
- cost function
- lead time
- failure rate
- inventory level
- decision makers
- single product