Inventory models with managerial policy independent of demand.
Shih-Wei LinPublished in: Eur. J. Oper. Res. (2011)
Keyphrases
- inventory models
- finite horizon
- lost sales
- inventory policy
- optimal policy
- inventory control
- infinite horizon
- markov decision process
- stochastic demand
- periodic review
- single period
- average cost
- ordering cost
- inventory systems
- markov decision processes
- service level
- fixed cost
- demand distributions
- planning horizon
- holding cost
- single product
- information systems
- expected cost
- lead time
- dynamic pricing
- multistage
- state dependent
- state space
- dynamic programming
- setup cost
- single item
- lot size
- single stage
- long run
- finite state
- inventory level
- pricing strategies
- customer service
- arrival rate
- supply chain
- probability distribution
- cost function