Optimal lot-sizing and maintenance policy for a partially observable production system.
Leila JafariViliam MakisPublished in: Comput. Ind. Eng. (2016)
Keyphrases
- production system
- lot sizing
- partially observable
- multistage
- optimal production
- infinite horizon
- single item
- production rate
- planning horizon
- optimal policy
- dynamic programming
- markov decision processes
- markov decision problems
- state space
- decision problems
- fixed cost
- finite horizon
- multi item
- production process
- reinforcement learning
- inventory systems
- optimal control
- production planning
- average cost
- dynamical systems
- inventory policy
- long run
- lot size
- stochastic demand
- expected cost
- reward function
- periodic review
- lead time
- setup cost
- state dependent
- optimal strategy
- inventory level
- total cost
- production line
- optimal solution
- single product
- machine learning
- order quantity
- lost sales
- production cost
- decision making
- heuristic search
- expert systems