Solution procedures for lost sales base-stock inventory systems with compound Poisson demand
نویسندگان
چکیده
منابع مشابه
Production-Inventory Systems with Lost Sales and Compound Poisson Demands
This paper considers a continuous-review, single-product production-inventory system with a constant replenishment rate, compound Poisson demands and lost-sales. Two objective functions that represent metrics of operational costs are considered: (1) the sum of the expected discounted inventory holding costs and lost-sales penalties, both over an infinite time horizon, given an initial inventory...
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Supply contracts are designed to minimize inventory costs or to hedge against undesirable events (e.g., shortages) in the face of demand or supply uncertainty. In particular, replenishment terms stipulated by supply contracts need to be optimized with respect to overall costs, profits, service levels, etc. In this paper, we shall be primarily interested in minimizing an inventory cost function ...
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ژورنال
عنوان ژورنال: International Journal of Production Economics
سال: 2019
ISSN: 0925-5273
DOI: 10.1016/j.ijpe.2018.01.021