Technical Note - On Optimal Policies for Inventory Systems with Batch Ordering.
Woonghee Tim HuhGanesh JanakiramanPublished in: Oper. Res. (2012)
Keyphrases
- lost sales
- inventory systems
- optimal policy
- single stage
- inventory models
- markov decision processes
- finite horizon
- state space
- dynamic programming
- infinite horizon
- periodic review
- reinforcement learning
- inventory control
- decision problems
- inventory policy
- finite state
- long run
- stochastic demand
- multistage
- state dependent
- inventory level
- initial state
- asymptotically optimal
- multi item
- markov decision process
- sufficient conditions
- machine learning
- lead time
- upper bound
- search algorithm
- single product