An optimal inventory policy under certainty distributed demand for cutting tools with stochastically distributed lifespan

Traditional inventory policy was deeply investigated for various kinds of demand in different industrial sectors. More extensive explorations on inventory policy, including the combination with manufacturing process, detailed attributes of the purchased products, etc. was conducted by many researche...

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Bibliographic Details
Main Authors: Cun Rong Li, Jiadong Cheng
Format: Article
Language:English
Published: Taylor & Francis Group 2015-12-01
Series:Cogent Engineering
Subjects:
Online Access:http://dx.doi.org/10.1080/23311916.2014.990671