A Fully Polynomial-Time Approximation Scheme for Single-Item Stochastic Inventory Control with Discrete Demand.
Nir HalmanDiego KlabjanMohamed MostagirJames B. OrlinDavid Simchi-LeviPublished in: Math. Oper. Res. (2009)
Keyphrases
- single item
- stochastic inventory control
- lot sizing
- periodic review
- finite horizon
- inventory systems
- lead time
- multistage
- multi item
- infinite horizon
- planning horizon
- upper bound
- lost sales
- stochastic demand
- setup cost
- production planning
- combinatorial auctions
- optimal policy
- long run
- holding cost
- mixed integer
- replenishment policy
- markov decision processes
- inventory control
- inventory models
- finite number
- ordering cost
- learning algorithm
- mixed integer programming