Optimal and heuristic lead-time quotation for an integrated steel mill with a minimum batch size.
Susan A. SlotnickPublished in: Eur. J. Oper. Res. (2011)
Keyphrases
- batch size
- single item
- lead time
- poisson process
- lot sizing
- order quantity
- infinite horizon
- inventory systems
- upper bound
- supply chain
- service level
- long run
- inventory control
- optimal solution
- dynamic programming
- multi item
- combinatorial auctions
- lot size
- finite horizon
- raw material
- stochastic demand
- holding cost
- mixed integer programming
- setup cost
- total cost
- fixed cost
- random variables
- single stage
- utility function
- resource allocation
- batch processing
- feasible solution
- steady state
- optimal control
- planning horizon