Optimal and Approximate Policies in Multiperiod, Multilocation Inventory Models with Transshipments.
Lawrence W. RobinsonPublished in: Oper. Res. (1990)
Keyphrases
- inventory models
- service level
- inventory policy
- finite horizon
- periodic review
- average cost
- optimal policy
- single period
- lost sales
- demand distributions
- inventory control
- markov decision process
- holding cost
- control policies
- order quantity
- fixed cost
- planning horizon
- total cost
- markov decision processes
- lead time
- long run
- supply chain
- infinite horizon
- expected cost
- sample path
- finite state
- single product
- multi item
- optimal solution
- production system
- single stage
- single item
- linear programming
- initial state
- finite number
- upper bound
- state space