Heuristics for a periodic-review policy in a two-echelon inventory problem with seasonal demand.
Noppadon SakulsomWipawee TharmmaphornphilasPublished in: Comput. Ind. Eng. (2019)
Keyphrases
- periodic review
- inventory systems
- inventory control
- optimal policy
- lost sales
- infinite horizon
- single stage
- lead time
- finite horizon
- single product
- single item
- stochastic demand
- inventory models
- inventory replenishment
- base stock policies
- multi item
- inventory policy
- ordering cost
- lot sizing
- long run
- supply chain
- multistage
- inventory level
- markov decision processes
- holding cost
- single period
- fixed cost
- customer service
- expected cost
- inventory management
- production inventory
- total cost
- state dependent
- dynamic pricing
- optimal control
- decision problems
- upper bound
- markov decision process
- revenue management
- dynamic programming
- planning horizon
- customer demand
- lower bound
- state space
- cost function