Optimal policies for vendor-buyer inventory system involving defective items with variable lead time and service level constraint.
Hardik N. SoniKamlesh A. PatelPublished in: Int. J. Math. Oper. Res. (2014)
Keyphrases
- lead time
- service level
- periodic review inventory
- stochastic lead times
- supply chain
- order quantity
- optimal policy
- infinite horizon
- lost sales
- inventory systems
- replenishment policy
- single item
- lot sizing
- inventory level
- inventory control
- reorder point
- planning horizon
- total cost
- setup cost
- base stock policy
- single stage
- single product
- random variables
- demand distributions
- periodic review
- inventory models
- holding cost
- finite horizon
- decision making
- call center
- inventory management
- utility function
- expected profit
- fixed cost
- lot size
- reinforcement learning
- markov decision processes
- dynamic programming
- data mining