Congestion-Based Lead-Time Quotation for Heterogenous Customers with Convex-Concave Delay Costs: Optimality of a Cost-Balancing Policy Based on Convex Hull Functions.
Mustafa AkanBaris AtaTava Lennon OlsenPublished in: Oper. Res. (2012)
Keyphrases
- convex concave
- convex hull
- holding cost
- lead time
- average cost
- total cost
- base stock levels
- customer demand
- expected cost
- infinite horizon
- setup cost
- inventory costs
- inventory level
- supply chain
- optimal policy
- single item
- long run
- markov decision processes
- planning horizon
- expected profit
- service level
- optimal solution
- asymptotically optimal
- mixed integer
- fixed cost
- finite number
- lot sizing
- finite horizon
- feasible solution
- single server
- heavy traffic
- linear programming
- inventory control
- convex sets
- periodic review
- lost sales
- training samples
- machine learning
- sufficient conditions
- linear program
- production cost
- random variables
- multistage
- order quantity
- discrete tomography
- state space
- data points
- np hard
- arrival rate