Pricing and inventory control strategy for a periodic-review energy buy-back system.
Jihong ZhangHongqiao ChenXiaosong DingXian LiPublished in: J. Syst. Sci. Complex. (2016)
Keyphrases
- periodic review
- control strategy
- inventory systems
- infinite horizon
- optimal control
- single stage
- inventory control
- lead time
- finite horizon
- single item
- lost sales
- single product
- inventory models
- long run
- control system
- mathematical model
- multistage
- control strategies
- optimal policy
- lot sizing
- inventory level
- multi item
- base stock policies
- stochastic demand
- inventory policy
- single period
- fixed cost
- inventory replenishment
- customer service
- total cost
- expected cost
- service level
- markov decision processes
- sample path
- stochastic optimization
- order quantity
- inventory management
- planning horizon
- real time
- supply chain
- optimal solution