Continuous review inventory models with a mixture of backorders and lost sales under fuzzy demand and different decision situations.
Lin WangQing-Liang FuYurong ZengPublished in: Expert Syst. Appl. (2012)
Keyphrases
- lost sales
- continuous review inventory
- lead time
- inventory systems
- inventory models
- demand distributions
- optimal policy
- inventory control
- infinite horizon
- stochastic demand
- multi item
- inventory level
- single stage
- supply chain
- periodic review
- single item
- finite horizon
- lot sizing
- setup cost
- holding cost
- service level
- total cost
- dynamic programming
- expected cost
- decision problems
- high volume
- asymptotically optimal
- utility function
- sufficient conditions
- inventory policy
- decision makers
- probability distribution