Rationing mechanisms and inventory control-policy parameters for a divergent supply chain operating with lost sales and costs of review.
Brijesh PaulChandrasekharan RajendranPublished in: Comput. Oper. Res. (2011)
Keyphrases
- lost sales
- supply chain
- lead time
- inventory holding
- inventory control
- inventory management
- periodic review
- control policy
- single item
- long run
- expected cost
- holding cost
- inventory systems
- setup cost
- total cost
- service level
- inventory models
- customer demand
- average cost
- inventory level
- infinite horizon
- optimal policy
- stochastic demand
- single stage
- planning horizon
- expected profit
- supply chain management
- lot sizing
- optimal production
- multi item
- base stock policies
- finite horizon
- order quantity
- single product
- single period
- reinforcement learning
- decision making
- inventory policy
- finite state
- lower bound
- production rate
- state space
- dynamic programming
- special case
- optimal solution
- multistage
- markov decision processes
- queueing networks