Optimal inventory replenishment policy for a queueing system with finite waiting room capacity.
Eungab KimPublished in: Eur. J. Oper. Res. (2005)
Keyphrases
- replenishment policy
- joint replenishment
- lead time
- holding cost
- single item
- supply chain
- arrival rate
- long run
- lot sizing
- single server
- state dependent
- production capacity
- queue length
- heavy traffic
- asymptotically optimal
- steady state
- interarrival and service times
- expected profit
- setup cost
- single server queue
- multi item
- infinite horizon
- queueing systems
- production cost
- service level
- inventory control
- fixed cost
- np hard
- optimal control
- upper bound