Optimal order quantity in the presence of strategic customers.
Narayan MishraSri Vanamalla VenkataramanPublished in: Ann. Oper. Res. (2022)
Keyphrases
- order quantity
- economic order quantity
- lead time
- inventory level
- optimal solution
- inventory systems
- service level
- stochastic demand
- expected cost
- holding cost
- asymptotically optimal
- finite horizon
- optimal control
- single item
- utility function
- optimal policy
- inventory management
- customer demand
- markov chain
- worst case
- dynamic programming