Inventory allocation and shipping when demand temporarily exceeds production capacity.
Wooseung JangDaeki KimKwangtae ParkPublished in: Eur. J. Oper. Res. (2013)
Keyphrases
- production capacity
- infinite horizon
- single item
- production system
- supply chain
- inventory level
- production cost
- dynamic pricing
- combinatorial auctions
- customer demand
- inventory control
- lead time
- finite horizon
- uncertain demand
- stochastic demand
- lost sales
- long run
- periodic review
- production planning
- lot sizing
- optimal policy
- expected cost
- total cost
- resource allocation
- inventory policy
- inventory systems
- dynamic programming
- multi item
- optimal control
- inventory models
- upper bound
- revenue management
- inventory management
- planning horizon
- stochastic process
- markov decision process