Replenishment Planning for Stochastic Inventory Systems with Shortage Cost.
Roberto RossiArmagan TarimBrahim HnichSteven D. PrestwichPublished in: CPAIOR (2007)
Keyphrases
- inventory systems
- periodic review
- lost sales
- lead time
- single product
- single stage
- total cost
- order quantity
- multi item
- infinite horizon
- inventory control
- stochastic lead times
- optimal policy
- single item
- inventory models
- setup cost
- holding cost
- expected cost
- lot sizing
- base stock policy
- supply chain
- finite horizon
- inventory level
- service level
- multistage
- average cost
- production planning
- stochastic demand
- stochastic optimization
- state dependent
- network flow
- markov decision processes
- long run
- production cost
- initial state