IPA Derivatives for Make-to-Stock Production-Inventory Systems With Lost Sales.
Yao ZhaoBenjamin MelamedPublished in: IEEE Trans. Autom. Control. (2007)
Keyphrases
- lost sales
- inventory systems
- inventory level
- base stock policy
- lead time
- single stage
- expected cost
- total cost
- inventory models
- optimal policy
- production system
- periodic review
- long run
- inventory control
- infinite horizon
- state dependent
- production cost
- stochastic lead times
- stochastic demand
- multi item
- customer demand
- stochastic process
- supply chain
- setup cost
- single product
- cost function
- stationary distribution
- production planning
- lot sizing
- markov chain
- dynamic programming
- reinforcement learning
- single item
- single server
- decision problems
- sufficient conditions
- special case