A simple heuristic policy for stochastic inventory systems with both minimum and maximum order quantity requirements.
Han ZhuPublished in: Ann. Oper. Res. (2022)
Keyphrases
- inventory systems
- order quantity
- periodic review
- single stage
- multi item
- lost sales
- lead time
- lot sizing
- optimal policy
- stochastic demand
- service level
- single product
- stochastic optimization
- multistage
- single item
- monte carlo
- inventory models
- state dependent
- special case
- minimum cost
- standard deviation
- decision problems
- state space