On the Effect of Demand Randomness on Inventories and Costs.
Yigal GerchakDavid MossmanPublished in: Oper. Res. (1992)
Keyphrases
- customer demand
- total cost
- inventory management
- production cost
- supply chain
- single product
- inventory level
- planning horizon
- cost savings
- inventory control
- transportation costs
- dynamic pricing
- bullwhip effect
- holding cost
- operating costs
- inventory replenishment
- demand variability
- fixed cost
- database
- reinforcement learning
- case study
- data sets