Optimal promotion planning - depth and frequency - for a two-stage supply chain under Markov switching demand.
Hisashi KurataJohn J. LiuPublished in: Eur. J. Oper. Res. (2007)
Keyphrases
- supply chain
- capacity planning
- uncertain demand
- inventory policy
- bullwhip effect
- inventory management
- lead time
- inventory control
- supply chain management
- operating costs
- economic order quantity
- market demand
- replenishment policy
- planning horizon
- capacity expansion
- pricing strategies
- stochastic demand
- decision making
- joint replenishment
- cost savings
- customer demand
- service level
- quantity discount
- single product
- production capacity
- safety stock
- consumer market
- demand uncertainty
- periodic review
- inventory holding
- single item
- supplier selection
- order quantity
- product life cycle
- dual sourcing
- dynamic programming
- distribution network
- holding cost
- lot size
- expected cost
- optimal solution
- revenue sharing
- pricing mechanism
- state space
- markov chain
- lot sizing
- infinite horizon
- pricing model
- setup cost
- fixed cost
- inventory systems
- inventory models