Retailer's optimal ordering policy for deteriorating items under order-size dependent trade credit and complete backlogging.
Sunil TiwariLeopoldo Eduardo Cárdenas-BarrónAli Akbar ShaikhMark GohPublished in: Comput. Ind. Eng. (2020)
Keyphrases
- ordering policy
- replenishment policy
- planning horizon
- order quantity
- lost sales
- lead time
- lot size
- batch size
- finite horizon
- raw material
- lot sizing
- stochastic demand
- single item
- supply chain
- inventory systems
- infinite horizon
- total cost
- joint replenishment
- decision variables
- decision making
- expected cost
- manufacturing systems
- markov decision processes
- cost function
- objective function
- bayesian networks