Optimal Ordering Policy for Deteriorating Items with Partial Backlogging under Permissible Delay in Payments.
Liang-Yuh OuyangJinn-Tsair TengLiang-Ho ChenPublished in: J. Glob. Optim. (2006)
Keyphrases
- batch size
- lot size
- ordering policy
- lost sales
- planning horizon
- single item
- replenishment policy
- finite horizon
- stochastic demand
- expected cost
- lot sizing
- lead time
- poisson process
- optimal solution
- inventory systems
- optimal strategy
- learning algorithm
- total cost
- long run
- fixed cost
- batch processing
- production cost
- optimal policy
- sufficient conditions
- infinite horizon