Reduce shortage with self-reservation policy for a manufacturer paying both fixed and variable stockout expenditure

DOI10.1016/j.ejor.2017.03.063zbMath1375.90111OpenAlexW2598080836MaRDI QIDQ1683130

Boray Huang, Andy Wu

Publication date: 6 December 2017

Published in: European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.ejor.2017.03.063

zbMATH Keywords

Markov processesproduction managementfixed and variable shortage costreservation policy

Mathematics Subject Classification ID

Production models (90B30) Inventory, storage, reservoirs (90B05) Markov and semi-Markov decision processes (90C40)

Related Items

Effect of warranty and quantity discounts on a deteriorating production system with a Markovian production process and allowable shortages

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