On the Optimal Policy Structure in Serial Inventory Systems with Lost Sales.
Woonghee Tim HuhGanesh JanakiramanPublished in: Oper. Res. (2010)
Keyphrases
- serial inventory systems
- optimal policy
- lost sales
- sample path
- single stage
- asymptotic analysis
- finite horizon
- inventory models
- markov decision processes
- inventory systems
- decision problems
- infinite horizon
- dynamic programming
- base stock policies
- long run
- reinforcement learning
- state space
- markov chain
- inventory control
- multistage
- multi item
- finite state
- policy iteration
- sufficient conditions
- stochastic demand
- large deviations
- periodic review
- average cost
- state dependent
- average reward
- order quantity
- inventory level
- asymptotically optimal
- expected cost
- lot sizing
- markov decision process
- partially observable markov decision processes