Inventory Replenishment Policy for Medicines with Non-Stationary Stochastic Demand: The Case of a Newly Opened Hospital in Thailand.
Narat HasachooPornwasin SirisawatThunka KaewketPublished in: IEEM (2019)
Keyphrases
- non stationary
- stochastic demand
- lead time
- single item
- replenishment policy
- inventory control
- infinite horizon
- lot sizing
- finite horizon
- supply chain
- service level
- lost sales
- customer demand
- joint replenishment
- upper bound
- inventory systems
- total cost
- long run
- inventory level
- order quantity
- multi item
- combinatorial auctions
- inventory models
- dynamic programming
- special case
- setup cost
- probabilistic model
- queue length
- supply chain management
- random variables