Optimizing delivery lead time/inventory placement in a two-stage production/distribution system.
Dawn Barnes-SchusterYehuda BassokRavi AnupindiPublished in: Eur. J. Oper. Res. (2006)
Keyphrases
- scheduling problem
- lead time
- inventory costs
- lot size
- inventory level
- supply chain
- setup cost
- random variables
- lot sizing
- single product
- service level
- multi echelon
- base stock policy
- inventory systems
- inventory control
- independent and identically distributed
- single item
- demand distributions
- assembly systems
- optimal base stock levels
- holding cost
- production rate
- planning horizon
- infinite horizon
- reorder point
- finite horizon
- production planning
- total cost
- stochastic lead times
- production cost
- production inventory
- multi item
- stochastic inventory
- lost sales
- optimal production
- periodic review
- stochastic demand
- raw material
- single stage
- production system
- base stock levels
- inventory policy
- bayesian networks
- graphical models
- probability distribution