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Concepts for safety stock determination under stochastic demand and different types of random production yield.
Karl Inderfurth
Stephanie Vogelgesang
Published in:
Eur. J. Oper. Res. (2013)
Keyphrases
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safety stock
stochastic demand
supply chain
inventory control
customer demand
service level
total cost
infinite horizon
lead time
inventory management
shop floor
robust optimization
supply chain management
holding cost
finite horizon
manufacturing systems
reinforcement learning