Technical Note - Understanding the Performance of Capped Base-Stock Policies in Lost-Sales Inventory Models.
Linwei XinPublished in: Oper. Res. (2021)
Keyphrases
- lost sales
- inventory models
- base stock policies
- sample path
- inventory systems
- optimal policy
- periodic review
- single stage
- inventory control
- lead time
- multi item
- finite horizon
- infinite horizon
- inventory level
- stochastic demand
- expected cost
- setup cost
- reinforcement learning
- markov decision processes
- random variables
- sufficient conditions
- service level
- lot sizing
- order quantity
- dynamic programming
- np hard
- special case