Ordering policies for inventory systems with expediting.
Chi ChiangPublished in: J. Oper. Res. Soc. (2002)
Keyphrases
- inventory systems
- lost sales
- optimal policy
- periodic review
- single stage
- inventory models
- multi item
- lead time
- finite horizon
- infinite horizon
- stochastic lead times
- inventory control
- stochastic demand
- markov decision processes
- holding cost
- expected cost
- dynamic programming
- order quantity
- inventory level
- reinforcement learning
- setup cost
- lot sizing
- single item
- decision problems
- state dependent
- state space
- finite state
- multistage
- markov decision process
- long run
- special case