Optimal policy for a closed-loop supply chain inventory system with remanufacturing.
Shen-Lian ChungHui-Ming WeePo-Chung YangPublished in: Math. Comput. Model. (2008)
Keyphrases
- optimal policy
- closed loop supply chain
- optimal production
- base stock policy
- inventory level
- periodic review
- inventory systems
- lost sales
- single stage
- state dependent
- finite horizon
- production process
- infinite horizon
- lead time
- stochastic demand
- production system
- inventory management
- reinforcement learning
- long run
- markov decision processes
- state space
- single product
- dynamic programming
- base stock policies
- multistage
- expected cost
- supply chain
- production planning
- manufacturing systems
- markov decision process
- lot sizing
- planning horizon
- inventory control
- single item
- inventory models
- sufficient conditions
- single period
- average cost
- production cost
- average reward
- raw material
- customer demand
- inventory policy
- sample path
- asymptotically optimal
- dynamic pricing
- supply chain management