On the tradeoff between optimal order-base-stock levels and demand lead-times.
George LiberopoulosPublished in: Eur. J. Oper. Res. (2008)
Keyphrases
- lead time
- base stock policy
- base stock levels
- inventory systems
- holding cost
- stochastic demand
- single item
- supply chain
- single stage
- inventory control
- single product
- service level
- base stock policies
- order quantity
- finite horizon
- lot sizing
- stochastic lead times
- setup cost
- periodic review
- total cost
- inventory policy
- inventory level
- lot size
- planning horizon
- infinite horizon
- independent and identically distributed
- lost sales
- cost function
- multi item
- arrival rate
- markov chain
- dynamic programming