Optimal Periodic Replenishment Policies for Spectrally Positive Lévy Demand Processes.
José-Luis PérezKazutoshi YamazakiAlain BensoussanPublished in: SIAM J. Control. Optim. (2020)
Keyphrases
- inventory replenishment
- dynamic pricing
- total cost
- inventory control
- order quantity
- stochastic demand
- lost sales
- lead time
- replenishment policy
- holding cost
- optimal pricing
- single product
- revenue management
- inventory policy
- periodic review
- base stock policies
- positive and negative
- supply chain
- optimal policy
- inventory systems
- average cost
- infinite horizon
- inventory management
- single item
- service level
- planning horizon
- budget constraints
- inventory level
- finite horizon
- inventory models
- expected cost
- allocation policy
- optimal strategy
- lot sizing
- process model
- stochastic inventory