Optimal production and inventory control of multi-class mixed backorder and lost sales demand class models.
Mohsen ElHafsiJianxin FangEssia HamoudaPublished in: Eur. J. Oper. Res. (2021)
Keyphrases
- lost sales
- inventory control
- multi class
- stochastic demand
- inventory management
- inventory level
- optimal policy
- inventory models
- multi class classification
- inventory systems
- lead time
- infinite horizon
- expected cost
- single stage
- periodic review
- finite horizon
- multi item
- customer demand
- planning horizon
- dynamic programming
- single item
- support vector machine
- supply chain
- probabilistic model
- order quantity
- long run
- setup cost
- cost sensitive
- total cost
- state space
- stochastic process
- production system
- single product
- feature selection
- holding cost
- binary classifiers
- lot sizing
- average cost
- supply chain management
- decision problems
- cost function