Interchanging fill rate constraints and backorder costs in inventory models.
Jiang ZhangMatthew J. SobelPublished in: Int. J. Math. Oper. Res. (2012)
Keyphrases
- inventory models
- lost sales
- total cost
- holding cost
- planning horizon
- fixed cost
- setup cost
- expected cost
- periodic review
- service level
- infinite horizon
- average cost
- inventory systems
- single item
- finite horizon
- demand distributions
- inventory control
- lead time
- high volume
- optimal policy
- lot sizing
- production cost
- optimal solution
- multi item
- arrival rate
- inventory policy
- single stage
- single period
- asymptotically optimal
- markov decision processes
- single product
- long run
- cost function
- production planning
- inventory level