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Optimal algorithm to determine the spare inventory level for a repairable-item inventory system.
Jong-Soo Kim
Kyu-Chul Shin
Hyung-Keun Yu
Published in:
Comput. Oper. Res. (1996)
Keyphrases
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dynamic programming
optimal solution
cost function
learning algorithm
objective function
lead time
expected cost
probabilistic model
monte carlo
inventory level
computational complexity
np hard
multi class
optimal strategy