Heuristics and Bounds for an Inventory System with an All-or-Nothing Yield Pattern and Lead-times.
Frank Y. ChenFei HuCandace Arai YanoQuan YuanPublished in: SOLI (2018)
Keyphrases
- lead time
- supply chain
- service level
- inventory systems
- lot sizing
- stochastic lead times
- inventory control
- demand distributions
- assembly systems
- single product
- single item
- random variables
- holding cost
- upper bound
- infinite horizon
- planning horizon
- total cost
- lost sales
- single stage
- lower bound
- setup cost
- inventory level
- periodic review
- utility function
- optimal base stock levels
- independent and identically distributed
- stochastic demand
- inventory costs
- replenishment policy
- multi item
- customer demand
- inventory models
- base stock policy
- sufficient conditions
- decision making
- base stock levels