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In this article, an imperfect vendor-buyer inventory system with stochastic demand, process quality control and …
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We consider the problem of joint inventory and pricing control in a finite-horizon setting with Poisson demand … Dynamic Batch Pricing (DBP), and show that it is asymptotically optimal when the annual expected demand is large. Moreover …
Persistent link: https://www.econbiz.de/10012840186
We consider the reorder point, order quantity inventory model where the demand, D, and the lead time, L, are …. However, we show how to resolve the intractability by empirical means, for example, by simulation and regression relationships …, holding cost per unit per unit time, shortage cost per unit, the standard deviation of demand, and the standard deviation of …
Persistent link: https://www.econbiz.de/10012722383
demand and lead time. Many studies assume lead time and daily demand are independent. In this study, we relax this assumption … difference between the uncorrelated and correlated cases. We show that considering correlated demand and lead time complicates … correlation between demand and lead time impacts the relationship between total inventory cost, and demand and lead time …
Persistent link: https://www.econbiz.de/10014085129
We consider a single production facility capable of producing N products each demanded at a varying rate throughout the planning horizon. The production facility makes a fixed lot in a given period. No more than one product can be produced in a period. Given the initial inventory for each...
Persistent link: https://www.econbiz.de/10012722456
We consider a single production facility capable of producing N products each demanded at a varying rate throughout the planning horizon. The production facility makes a fixed lot in a given period. No more than one product can be produced in a period. Given the initial inventory for each...
Persistent link: https://www.econbiz.de/10012722667
We study a pure assemble-to-order system subject to multiple demand classes where customer orders arrive according to a …
Persistent link: https://www.econbiz.de/10012765847
We consider the problem of allocating demand arising from multiple products to multiple production facilities with …-order. Products vary in their demand rates, holding and backordering costs, and service level requirements. We develop models and … solution procedures to determine the optimal allocation of demand to facilities and the optimal inventory level for products at …
Persistent link: https://www.econbiz.de/10012768718