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Optimal (r, Q) policy in a stochastic inventory system with limited resource under incremental quantity discount.
Shahrzad Tamjidzad
S. Hamid Mirmohammadi
Published in:
Comput. Ind. Eng. (2017)
Keyphrases
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quantity discount
supply chain
expected cost
resource allocation
asymptotically optimal
dynamic programming
optimal solution
optimal strategy
multi item
worst case
optimal policy
finite state
single period
stochastic inventory