Optimal ordering policy for a retailer with consideration of customer credit under two-level trade credit financing.
Chuan ZhangYu-Xin TianLing-Wei FanShu-Min YangPublished in: Oper. Res. (2021)
Keyphrases
- ordering policy
- planning horizon
- stochastic demand
- supply chain
- finite horizon
- order quantity
- manufacturing systems
- raw material
- lost sales
- lead time
- batch size
- optimal policy
- fixed cost
- holding cost
- infinite horizon
- lot sizing
- inventory control
- expected cost
- dynamic programming
- production planning
- service level
- customer demand
- optimal solution
- customer service
- objective function
- long run
- inventory management
- supply chain management
- finite number
- resource allocation