Optimal Production-Inventory Policy for a Periodic-Review Energy Buy-Back System over an Infinite Planning Horizon.
Hongqiao ChenXiaosong DingJihong ZhangHuayi LiPublished in: Asia Pac. J. Oper. Res. (2020)
Keyphrases
- inventory policy
- optimal production
- periodic review
- planning horizon
- inventory systems
- inventory models
- single stage
- infinite horizon
- lead time
- supply chain
- service level
- inventory control
- multi item
- single item
- lot sizing
- finite horizon
- multistage
- lost sales
- single product
- production planning
- total cost
- production system
- expected cost
- ordering cost
- long run
- optimal policy
- fixed cost
- stochastic demand
- inventory level
- lot size
- production cost
- random variables
- inventory management
- markov decision process
- markov decision processes
- state space