Replenishment strategies for lost sales inventory systems of perishables under demand and lead time uncertainty.
Ole HansenSandra TranschelHanno FriedrichPublished in: Eur. J. Oper. Res. (2023)
Keyphrases
- inventory systems
- lead time
- lost sales
- continuous review inventory
- single stage
- inventory management
- inventory level
- supply chain
- periodic review
- stochastic lead times
- inventory models
- inventory control
- single item
- service level
- lot sizing
- stochastic demand
- holding cost
- setup cost
- multi item
- infinite horizon
- total cost
- random variables
- demand distributions
- stochastic inventory
- optimal base stock levels
- customer demand
- base stock policy
- single product
- planning horizon
- optimal policy
- order quantity
- graphical models
- base stock policies
- utility function
- expected cost
- finite horizon