A Study of the infinite horizon 'solution' of inventory lot size models with a linear demand function.
Moshe FriedmanJeffrey L. WinterPublished in: Comput. Oper. Res. (1978)
Keyphrases
- infinite horizon
- lot size
- finite horizon
- single product
- lead time
- long run
- stochastic demand
- optimal control
- optimal policy
- total cost
- production planning
- markov decision processes
- inventory control
- dynamic programming
- inventory policy
- fixed cost
- holding cost
- markov decision process
- single item
- mixed integer programming
- production cost
- average cost
- lot sizing
- periodic review
- multi item
- lost sales
- linear program
- probabilistic model