On One-For-One-Ordering Inventory Policies with State-Dependent Leadtimes.
Donald GrossCarl M. HarrisPublished in: Oper. Res. (1971)
Keyphrases
- inventory policy
- state dependent
- periodic review
- optimal policy
- inventory level
- inventory systems
- multi item
- infinite horizon
- finite horizon
- optimal production
- setup cost
- inventory models
- lost sales
- steady state
- lead time
- service level
- queueing networks
- long run
- single stage
- inventory control
- stationary distribution
- single product
- markov decision processes
- state space
- arrival rate
- single item
- dynamic programming
- markov chain
- supply chain
- multistage
- lot sizing
- queue length
- finite state
- stochastic demand
- planning horizon
- average cost
- asymptotically optimal
- holding cost
- production planning
- production system
- random walk
- special case
- single server
- learning algorithm
- reinforcement learning
- production cost
- customer demand
- production rate
- total cost
- decision making
- objective function
- expected cost
- fixed cost
- heavy traffic