Optimal Control of Production, Remanufacturing and Refurbishing Activities in a Finite Planning Horizon Inventory System.
Lakdere BenkheroufKonstantina SkouriIoannis KonstantarasPublished in: J. Optim. Theory Appl. (2016)
Keyphrases
- optimal control
- planning horizon
- production planning
- infinite horizon
- optimal production
- multi period
- production process
- lot size
- dynamic programming
- production cost
- lot sizing
- production rate
- stochastic demand
- production system
- inventory models
- finite horizon
- capacity expansion
- expected cost
- lead time
- supply chain
- total cost
- single item
- inventory policy
- control strategy
- inventory management
- holding cost
- raw material
- reinforcement learning
- inventory level
- optimal policy
- fixed cost
- single product
- base stock policy
- periodic review
- manufacturing systems
- integer programming
- inventory holding costs
- knapsack problem
- lost sales
- service level
- average cost
- setup cost
- long run
- random variables
- mixed integer programming
- state space
- decision making
- ordering cost
- supply chain management
- multi item
- markov decision process