A periodic review decision model for an inventory system with two demand types.
The Jin AiRirin Diar AstantiHuynh Trung LuongPublished in: Int. J. Math. Oper. Res. (2021)
Keyphrases
- periodic review
- decision model
- inventory systems
- inventory control
- lost sales
- lead time
- single stage
- decision problems
- optimal policy
- single item
- inventory models
- single product
- infinite horizon
- finite horizon
- multi item
- inventory level
- base stock policies
- stochastic demand
- single period
- lot sizing
- decision making
- supply chain
- inventory policy
- multistage
- long run
- base stock policy
- holding cost
- decision makers
- inventory management
- sample path
- total cost
- inventory replenishment
- decision theory
- fixed cost
- customer service
- customer demand
- utility function
- setup cost
- production inventory
- planning horizon
- supply chain management
- dynamic programming
- dynamic pricing
- mixed integer programming
- service level
- production capacity
- optimal control
- ordering cost
- upper bound