Do High and Low Inventory Turnover Retailers Respond Differently to Demand Shocks?
Saravanan KesavanTarun KushwahaVishal GaurPublished in: Manuf. Serv. Oper. Manag. (2016)
Keyphrases
- stochastic demand
- single product
- lead time
- inventory policy
- supply chain
- replenishment policy
- order quantity
- inventory control
- poisson process
- service level
- inventory systems
- production inventory
- lost sales
- infinite horizon
- inventory level
- revenue management
- bullwhip effect
- inventory management
- finite horizon
- optimal pricing
- periodic review
- echelon stock
- planning horizon
- information technology
- inventory models
- lot sizing
- total cost
- single item
- safety stock
- ordering cost
- joint replenishment
- single period
- dynamic pricing
- multi item
- optimal policy
- customer demand
- demand forecasting
- operating costs
- production capacity
- holding cost
- lot size
- setup cost
- demand function
- state space
- single stage
- distribution centers
- labor market
- inventory holding
- profit maximization
- job satisfaction
- multistage
- supply chain management
- spare parts
- production system
- inventory costs
- production cost
- long run
- markov decision processes
- production rate
- stochastic inventory