Technical Note - Comments on a Paper by S. G. Allen and D. A. D'Esopo: "An Ordering Policy for Repairable Stock Items".
Richard M. SimonD. A. D'EsopoPublished in: Oper. Res. (1971)
Keyphrases
- lost sales
- inventory level
- ordering policy
- inventory systems
- lead time
- expected cost
- total cost
- optimal policy
- single stage
- inventory management
- production system
- stochastic demand
- inventory control
- planning horizon
- long run
- finite horizon
- infinite horizon
- multi item
- stochastic process
- state dependent
- order quantity
- poisson process
- raw material
- fixed cost
- customer demand
- sufficient conditions
- optimal strategy
- service level
- production planning
- dynamic pricing
- holding cost
- setup cost
- decision making
- stationary distribution