Optimal policies for a finite-horizon batching inventory model.
Talal M. Al-KhamisLakdere BenkheroufMohamed OmarPublished in: Int. J. Syst. Sci. (2014)
Keyphrases
- finite horizon
- optimal policy
- lot size
- infinite horizon
- markov decision processes
- markov decision process
- mathematical model
- state dependent
- decision problems
- dynamic programming
- sufficient conditions
- inventory models
- multistage
- probability distribution
- lost sales
- base stock policy
- lead time
- inventory control
- initial state
- machine learning
- supply chain
- optimal solution