Leadtime management in a periodic-review inventory system: A state-dependent base-stock policy.
Jun-Yeon LeeLeroy B. SchwarzPublished in: Eur. J. Oper. Res. (2009)
Keyphrases
- lead time
- base stock policy
- supply chain
- state dependent
- base stock policies
- inventory level
- inventory systems
- single item
- service level
- lot sizing
- setup cost
- inventory control
- finite horizon
- infinite horizon
- single product
- stochastic demand
- total cost
- single stage
- optimal policy
- planning horizon
- holding cost
- lost sales
- random variables
- customer demand
- steady state
- lot size
- multi item
- inventory management
- order quantity
- dynamic programming
- periodic review
- queue length
- state space