Understanding the lead-time effects in stochastic inventory systems with discounted costs.
Jing-Sheng SongPublished in: Oper. Res. Lett. (1994)
Keyphrases
- lead time
- inventory systems
- optimal base stock levels
- periodic review
- single item
- infinite horizon
- supply chain
- base stock policies
- single stage
- lot sizing
- total cost
- service level
- inventory control
- stochastic lead times
- setup cost
- holding cost
- random variables
- lost sales
- single product
- stochastic demand
- multi item
- base stock policy
- planning horizon
- utility function
- customer demand
- fixed cost
- lot size