Optimal policy for inventory systems with capacity commitment and fixed ordering costs.
Xiangyin KongHuihui WangXi ChenGengzhong FengPublished in: Oper. Res. Lett. (2020)
Keyphrases
- ordering cost
- inventory systems
- periodic review
- multi item
- lot sizing
- fixed cost
- optimal policy
- lost sales
- base stock policy
- single stage
- single item
- finite horizon
- inventory control
- infinite horizon
- single product
- inventory models
- inventory policy
- lead time
- multistage
- production cost
- order quantity
- holding cost
- total cost
- markov decision processes
- lot size
- setup cost
- mixed integer programming
- customer demand
- planning horizon
- average cost
- production planning
- supply chain
- upper bound
- reinforcement learning
- machine learning
- stochastic demand