On the comparison of inventory replenishment policies with time-varying stochastic demand for the paper industry.
David EscuínLorena PoloDavid CiprésPublished in: J. Comput. Appl. Math. (2017)
Keyphrases
- inventory replenishment
- stochastic demand
- inventory control
- infinite horizon
- lead time
- total cost
- finite horizon
- single item
- optimal policy
- lost sales
- dynamic pricing
- supply chain
- dynamic programming
- decision making
- long run
- optimal control
- markov decision processes
- customer service
- inventory models
- periodic review
- multistage