An inventory system with demand dependent on both time and price assuming backlogged shortages.
Luis Augusto San-JoséJoaquín SiciliaDavid Alcaide López de PabloPublished in: Eur. J. Oper. Res. (2018)
Keyphrases
- replenishment policy
- lead time
- lost sales
- planning horizon
- supply chain
- joint replenishment
- single item
- ordering cost
- lot sizing
- inventory systems
- periodic review
- single product
- service level
- inventory models
- inventory management
- inventory control
- holding cost
- optimal policy
- production inventory
- inventory level
- expected cost
- lot size
- infinite horizon
- capacity expansion
- single stage
- finite horizon
- setup cost
- random variables
- stochastic demand
- total cost
- multi item
- production planning
- base stock policies
- production system
- single period
- multistage
- inventory costs
- utility function
- upper bound