An integrated replenishment and production control policy under inventory inaccuracy and time-delay.
Ming LiZheng WangPublished in: Comput. Oper. Res. (2017)
Keyphrases
- control policy
- long run
- finished goods inventory
- inventory level
- infinite horizon
- expected cost
- single product
- lead time
- production capacity
- average cost
- production inventory
- inventory costs
- lost sales
- optimal policy
- total cost
- approximate dynamic programming
- control policies
- production rate
- lot size
- production planning
- supply chain
- single item
- setup cost
- production cost
- reinforcement learning
- inventory control
- finite horizon
- inventory management
- bullwhip effect
- periodic review
- markov decision processes
- production system
- service level
- stochastic demand
- operating costs
- inventory models
- order quantity
- raw material
- planning horizon
- customer demand
- single stage
- holding cost
- revenue management
- single period
- finite state