Pricing and production lot-size/scheduling with finite capacity for a deteriorating item over a finite horizon.
Jen-Ming ChenLiang-Tu ChenPublished in: Comput. Oper. Res. (2005)
Keyphrases
- single product
- finite horizon
- lot size
- optimal policy
- infinite horizon
- markov decision processes
- inventory models
- planning horizon
- production planning
- multistage
- inventory control
- periodic review
- markov decision process
- non stationary
- single item
- average cost
- raw material
- dynamic programming
- setup cost
- base stock policy
- lead time
- lost sales
- state space
- production process
- production cost
- stochastic demand
- integer programming
- supply chain
- search space