Optimal production and inventory rationing policies with selective-information sharing and two demand classes.
Yi WangSheng Hao ZhangPublished in: Eur. J. Oper. Res. (2021)
Keyphrases
- optimal production
- information sharing
- production process
- planning horizon
- inventory management
- production rate
- inventory level
- production system
- stochastic demand
- optimal policy
- expected cost
- inventory policy
- supply chain
- bullwhip effect
- state dependent
- lead time
- lost sales
- manufacturing systems
- infinite horizon
- lot sizing
- total cost
- single product
- raw material
- share information
- production cost
- decision problems
- inventory models
- finite horizon
- multistage
- cost function
- random variables
- periodic review
- long run
- inventory control
- service level
- markov decision processes
- supply chain management
- assembly line
- production planning
- production line
- holding cost
- single item
- type ii
- multi item
- asymptotically optimal
- e government
- inventory systems
- reinforcement learning
- vehicle routing
- setup cost
- dynamic programming
- base stock policy
- failure rate