Optimal policies for the capacitated two stage multi-item inventory model with joint setup costs.
S. ViswanathanPublished in: Oper. Res. Lett. (1993)
Keyphrases
- multi item
- lot sizing
- inventory systems
- setup cost
- lost sales
- setup times
- inventory policy
- optimal policy
- lead time
- single item
- state dependent
- special case
- periodic review
- markov decision process
- infinite horizon
- state space
- asymptotically optimal
- average cost
- finite number
- production system
- holding cost
- steady state
- sufficient conditions
- probability distribution
- objective function