Robustness of Order-Up-to Policies in Lost-Sales Inventory Systems.

Marco Bijvank Woonghee Tim Huh Ganesh Janakiraman Wanmo Kang

Published in: Oper. Res. (2014)

Keyphrases

inventory systems
lost sales
periodic review
single stage
stochastic lead times
multi item

lead time
optimal policy
inventory models
order quantity
lot sizing
multistage

inventory control
infinite horizon
service level
base stock policy
stochastic demand
decision making

setup cost
finite horizon
markov chain
single product
expected cost
cost function