New structural properties of (s, S) policies for inventory models with lost sales.
Yanyi XuArnab BisiMaqbool DadaPublished in: Oper. Res. Lett. (2010)
Keyphrases
- structural properties
- lost sales
- inventory models
- optimal policy
- inventory systems
- sample path
- inventory control
- single stage
- periodic review
- multi item
- finite horizon
- lead time
- single period
- infinite horizon
- demand distributions
- reinforcement learning
- expected cost
- decision problems
- holding cost
- long run
- markov decision processes
- setup cost
- single item
- state space
- average cost
- inventory level
- service level
- lot sizing
- multistage
- sufficient conditions
- supply chain
- dynamic programming