Exact and approximate solution for optimal inventory control of two-stock with reworking and forecasting of demand.
Alireza PooyaMorteza PakdamanLotfi TadjPublished in: Oper. Res. (2019)
Keyphrases
- inventory control
- stochastic demand
- periodic review
- finite horizon
- lead time
- base stock policy
- inventory level
- inventory replenishment
- base stock policies
- inventory models
- supply chain
- inventory policy
- customer service
- expected cost
- assembly systems
- lost sales
- customer demand
- single item
- pricing strategies
- single product
- fixed cost
- dynamic pricing
- infinite horizon
- demand distributions
- ordering cost
- dynamic programming
- inventory systems
- state dependent
- supply chain management
- total cost
- optimal solution
- lot size
- setup cost
- markov decision process
- average cost
- long run
- single period
- integer programming
- production system
- markov decision processes