Optimal policy and holding cost stability regions in a periodic review inventory system with manufacturing and remanufacturing options.
Ioannis KonstantarasSotirios PapachristosPublished in: Eur. J. Oper. Res. (2007)
Keyphrases
- periodic review inventory
- production planning
- setup cost
- holding cost
- lead time
- infinite horizon
- optimal policy
- finite horizon
- lot sizing
- production cost
- integer programming
- planning horizon
- single stage
- supply chain
- single item
- mixed integer programming
- knapsack problem
- multi item
- single product
- stochastic demand
- average cost
- dynamic programming
- markov decision processes
- service level
- long run
- total cost
- inventory control
- periodic review
- production process
- manufacturing systems
- inventory systems
- optimal solution
- reinforcement learning
- lost sales
- random variables
- finite state
- inventory level
- state dependent
- graphical models
- state space
- inventory models