Optimal Ordering Policies for Continuous Review Perishable Inventory Models.
Howard J. WeissPublished in: Oper. Res. (1980)
Keyphrases
- inventory models
- inventory policy
- lost sales
- joint replenishment
- periodic review
- finite horizon
- inventory control
- inventory systems
- optimal policy
- average cost
- single period
- lead time
- demand distributions
- service level
- multi item
- infinite horizon
- single stage
- planning horizon
- ordering cost
- supply chain
- dynamic programming
- markov decision process
- single item
- holding cost
- expected cost
- multistage
- setup cost
- total cost
- order quantity
- single product
- optimal solution
- markov decision processes
- production system
- asymptotically optimal
- optimal control
- control policies
- finite number
- long run