An optimal control of inventory under probablistic replenishment intervals and known price increase
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- 作者：Ata Allah Taleizadeha ; taleizadeh@ut.ac.ir" class="auth_mail" title="E-mail the corresponding author ; Hamid Reza Zareia ; h.r.zarei@ut.ac.ir" class="auth_mail" title="E-mail the corresponding author ; Bhaba R. Sarkerb ; basrker@lsu.edu" class="auth_mail" title="E-mail the corresponding author
- 关键词：Inventory control ; Partial backordering ; Probabilistic replenishment intervals ; Special order ; Known price increase
- 刊名：European Journal of Operational Research
- 出版年：2017
- 出版时间：16 March 2017
- 年：2017
- 卷：257
- 期：3
- 页码：777-791
- 全文大小：1222 K
文摘
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This paper determines the optimum replenishment period, level and order quantity.
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Considers probabilistic replenishment interval with announced price increase.
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Partial backordering is allowed and buyer is aware of the replenishment order level.
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The model is solved under general distribution with closed-form solution.
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The problems with two distributions perform well for special sale offer before price hike.