Analyzing a stochastic inventory system for deteriorating items with stochastic lead time using simulation modeling.
Mohammadmahdi AlizadehHamidreza EskandariS. Mehdi SajadifarChristopher D. GeigerPublished in: WSC (2011)
Keyphrases
- lead time
- stochastic inventory
- multi item
- replenishment policy
- supply chain
- inventory systems
- lot size
- single period
- lot sizing
- service level
- lost sales
- single item
- reorder point
- total cost
- random variables
- periodic review
- inventory control
- inventory models
- inventory level
- infinite horizon
- single stage
- reinforcement learning
- sample path
- stochastic demand
- steady state
- holding cost
- multistage
- decision making
- cost function
- planning horizon