Approximating optimal finite horizon feedback by model predictive control.
Asen L. DontchevIlya V. KolmanovskyMikhail Ivanov KrastanovVladimir M. VeliovP. T. VuongPublished in: Syst. Control. Lett. (2020)
Keyphrases
- finite horizon
- optimal stopping
- model predictive control
- optimal policy
- infinite horizon
- markov decision processes
- single product
- inventory models
- multistage
- inventory control
- predictive control
- average cost
- single item
- markov decision process
- optimal control
- inventory policy
- dynamic programming
- periodic review
- lot size
- control system
- machine learning
- long run
- control scheme
- stochastic demand
- dynamic model
- non stationary
- state space