Keyphrases
- infinite horizon
- optimal control
- policy iteration algorithm
- finite horizon
- dynamic programming
- stochastic demand
- single item
- average cost
- fixed cost
- long run
- optimal policy
- markov decision processes
- inventory policy
- periodic review
- production planning
- policy iteration
- control policy
- reinforcement learning
- partially observable
- markov decision process
- approximation algorithms
- production capacity
- holding cost
- dec pomdps
- optimal solution
- control strategy
- bayesian networks
- convex functions
- single product
- state space
- inventory models
- upper bound
- inventory control
- multistage
- steady state
- lead time