The M/M/1 queue with a production-inventory system and lost sales.
Jung Woo BaekSeung Ki MoonPublished in: Appl. Math. Comput. (2014)
Keyphrases
- production inventory
- lost sales
- holding cost
- state dependent
- inventory level
- inventory systems
- optimal policy
- lead time
- inventory models
- single stage
- queue length
- arrival rate
- inventory management
- inventory control
- infinite horizon
- stochastic demand
- steady state
- multi item
- expected cost
- periodic review
- base stock policies
- setup cost
- single server
- total cost
- finite horizon
- asymptotically optimal
- long run
- markov chain
- reinforcement learning
- service level
- order quantity
- markov decision processes
- production rate
- dynamic programming