A continuous cost evaluation approach for periodic review inventory systems with threshold rationing policy.
Guangyu WanYu CaoPublished in: Comput. Ind. Eng. (2018)
Keyphrases
- periodic review
- inventory systems
- lost sales
- single stage
- optimal policy
- lead time
- infinite horizon
- multi item
- single product
- single item
- inventory control
- lot sizing
- finite horizon
- multistage
- inventory models
- long run
- stochastic demand
- base stock policy
- expected cost
- holding cost
- fixed cost
- inventory policy
- setup cost
- inventory level
- markov decision processes
- dynamic programming
- stochastic optimization
- total cost
- optimal control