Effect of modeling fixed cost in a serial inventory system with periodic review.
Ayse Gönül KaraarslanGudrun P. KiesmüllerA. G. de KokPublished in: OR Spectr. (2014)
Keyphrases
- periodic review
- fixed cost
- inventory systems
- inventory control
- single product
- infinite horizon
- lead time
- single stage
- lost sales
- inventory models
- finite horizon
- lot sizing
- single item
- total cost
- optimal policy
- inventory level
- multi item
- long run
- ordering cost
- multistage
- mixed integer programming
- planning horizon
- base stock policy
- supply chain
- average cost
- expected cost
- production system
- cost function
- combinatorial auctions
- markov decision processes
- linear programming
- dynamic programming
- np hard