Anticipated rationing policy for inventory systems with two demand classes and backlogging costs.
Yi WangSheng Hao ZhangSean X. ZhouYong ZhangPublished in: Int. J. Prod. Res. (2020)
Keyphrases
- inventory systems
- periodic review
- lost sales
- single stage
- optimal policy
- single item
- expected cost
- lead time
- stochastic demand
- multi item
- lot sizing
- holding cost
- single product
- inventory models
- infinite horizon
- base stock levels
- inventory level
- order quantity
- base stock policy
- inventory control
- setup cost
- inventory management
- finite horizon
- optimal production
- total cost
- multistage
- replenishment policy
- long run
- upper bound
- inventory policy
- cost function
- state dependent
- customer demand
- lower bound
- dynamic programming
- average cost
- combinatorial auctions
- service level
- production cost
- state space
- decision problems
- fixed cost
- reinforcement learning