Lost-Sales Problems with Stochastic Lead Times: Convexity Results for Base-Stock Policies.
Ganesh JanakiramanRobin O. RoundyPublished in: Oper. Res. (2004)
Keyphrases
- lost sales
- stochastic lead times
- base stock policies
- inventory systems
- sample path
- lead time
- periodic review
- single stage
- inventory models
- optimal policy
- inventory control
- infinite horizon
- multi item
- stochastic demand
- inventory level
- finite horizon
- expected cost
- setup cost
- reinforcement learning
- mathematical programming
- decision problems
- cost function
- special case