Optimal ordering and production policy for a recoverable item inventory system with learning effect.
Deng-Maw TsaiPublished in: Int. J. Syst. Sci. (2012)
Keyphrases
- inventory policy
- optimal production
- learning effect
- ordering cost
- production process
- ordering policy
- lot size
- raw material
- setup cost
- infinite horizon
- learning curve
- supply chain
- multi item
- planning horizon
- service level
- finite horizon
- holding cost
- single product
- state dependent
- production planning
- expected cost
- stochastic demand
- optimal policy
- production cost
- lot sizing
- inventory replenishment
- dynamic programming
- lost sales
- production rate
- learning companion
- dynamic pricing
- periodic review
- lead time
- single machine
- inventory control
- total cost
- optimal solution
- fixed cost
- inventory level
- inventory costs
- order quantity
- scheduling problem
- finished goods inventory