The optimal replenishment decisions under two levels of trade credit policy depending on the order quantity.
Victor B. KrengShao-Jung TanPublished in: Expert Syst. Appl. (2010)
Keyphrases
- order quantity
- economic order quantity
- service level
- reorder point
- optimal policy
- lead time
- inventory systems
- standard deviation
- stochastic demand
- ordering policy
- single period
- finite horizon
- inventory level
- decision making
- lost sales
- expected cost
- inventory management
- single item
- single stage
- decision variables
- supply chain
- long run
- periodic review
- decision makers
- dynamic programming
- inventory control
- steady state
- inventory policy
- inventory replenishment
- upper bound