Optimal Dynamic Production and Inventory Transshipment Policies for a Two-Location Make-to-Stock System.
Hui ZhaoJennifer K. RyanVinayak DeshpandePublished in: Oper. Res. (2008)
Keyphrases
- inventory level
- optimal production
- optimal policy
- expected cost
- production process
- inventory policy
- long run
- finished goods inventory
- echelon stock
- production system
- base stock policy
- periodic review
- lost sales
- production inventory
- lead time
- state dependent
- inventory management
- production rate
- total cost
- long run average cost
- planning horizon
- production capacity
- manufacturing systems
- infinite horizon
- base stock policies
- holding cost
- raw material
- stochastic demand
- single product
- inventory replenishment
- dynamic pricing
- production cost
- spare parts
- dynamic programming
- service level
- order quantity
- supply chain
- state space
- customer demand
- fixed cost
- multi item
- single period
- reinforcement learning
- inventory control
- average cost
- cost function
- finite horizon
- lot size
- inventory systems
- control policy
- asymptotically optimal
- optimal strategy
- inventory models
- expected profit
- single stage
- single item
- production planning
- markov decision processes
- steady state
- multi echelon
- optimal solution