TECHNICAL NOTE - An Optimal Policy for Joint Dynamic Price and Lead-Time Quotation.
Jiejian FengLiming LiuXiaoming LiuPublished in: Oper. Res. (2011)
Keyphrases
- lost sales
- lead time
- optimal policy
- periodic review inventory
- infinite horizon
- periodic review
- finite horizon
- inventory level
- inventory systems
- stochastic demand
- base stock policy
- inventory models
- inventory control
- single stage
- order quantity
- markov decision processes
- single product
- supply chain
- sample path
- single item
- inventory management
- state space
- dynamic programming
- reinforcement learning
- demand distributions
- setup cost
- lot size
- state dependent
- lot sizing
- service level
- finite state
- multi item
- policy iteration
- markov decision process
- long run
- expected cost
- multistage
- optimal production
- average reward
- average cost
- planning horizon
- steady state
- ordering cost
- decision making