Asymptotic Optimality of Base-Stock Policies for Perishable Inventory Systems.
Jinzhi BuXiting GongXiuli ChaoPublished in: Manag. Sci. (2023)
Keyphrases
- inventory systems
- asymptotically optimal
- periodic review
- lost sales
- optimal policy
- setup cost
- base stock policy
- single stage
- holding cost
- multi item
- lead time
- inventory models
- multistage
- single product
- lot sizing
- arrival rate
- inventory control
- heavy traffic
- markov decision processes
- stochastic demand
- state dependent
- reinforcement learning
- infinite horizon
- finite horizon
- call center
- state space
- expected cost
- scheduling problem
- inventory level
- sufficient conditions
- graphical models
- dynamic programming
- flowshop
- bayesian networks