Optimal lot size and inspection policy for products sold with warranty.
Ruey Huei YehTzu-Hui ChenPublished in: Eur. J. Oper. Res. (2006)
Keyphrases
- lot size
- finite horizon
- production cost
- quality control
- raw material
- optimal policy
- total cost
- lot sizing
- multistage
- asymptotically optimal
- lead time
- expected profit
- infinite horizon
- dynamic programming
- production planning
- production process
- planning horizon
- markov decision process
- expected cost
- lower bound
- convex hull
- evolutionary algorithm