A note on: Optimal ordering policy for stock-dependent demand under progressive payment scheme.
Christoph H. GlockJörg M. RiesKurt SchwindlPublished in: Eur. J. Oper. Res. (2014)
Keyphrases
- ordering policy
- payment scheme
- stochastic demand
- planning horizon
- lost sales
- order quantity
- finite horizon
- batch size
- inventory level
- raw material
- inventory control
- infinite horizon
- expected cost
- optimal solution
- lead time
- manufacturing systems
- lot sizing
- credit card
- dynamic programming
- inventory systems
- fixed cost
- service level
- cost function
- supply chain
- production system
- lot size
- single item
- total cost
- holding cost
- random variables
- optimal policy
- state space
- standard deviation
- decision trees