Properties of the Periodic Review (R, T) Inventory Control Policy for Stationary, Stochastic Demand.
Uday S. RaoPublished in: Manuf. Serv. Oper. Manag. (2003)
Keyphrases
- stochastic demand
- periodic review
- long run
- infinite horizon
- control policy
- inventory control
- lost sales
- single item
- lead time
- optimal policy
- inventory systems
- finite horizon
- average cost
- single stage
- inventory models
- supply chain
- inventory replenishment
- single product
- expected cost
- reinforcement learning
- dynamic programming
- production planning
- markov decision processes
- state space
- holding cost
- inventory policy
- lot sizing
- markov decision process
- optimal control
- non stationary
- random variables
- steady state
- customer demand
- inventory management
- dynamic pricing
- fixed cost
- queueing networks
- customer service