One-for-one period policy in a two-echelon inventory system with poisson demand and constraint on total lost sales.
Rasoul HajiBabak HajiPublished in: SOLI (2009)
Keyphrases
- lost sales
- order quantity
- stochastic demand
- optimal policy
- periodic review
- capacity constraints
- inventory systems
- lead time
- inventory models
- ordering policy
- inventory holding
- inventory costs
- inventory control
- infinite horizon
- inventory management
- inventory level
- single stage
- holding cost
- stochastic inventory
- poisson process
- single period
- finite horizon
- expected cost
- production inventory
- service level
- base stock policy
- demand distributions
- multi item
- ordering cost
- single item
- markov decision processes
- expected profit
- state space
- lot sizing
- planning horizon
- base stock policies
- long run
- asymptotically optimal
- single product
- dynamic programming
- supply chain
- decision problems
- finite state
- markov decision process
- state dependent
- setup cost
- reinforcement learning
- total cost
- average cost
- decision variables
- multistage
- sufficient conditions
- dynamic pricing