Optimal Policies for Transshipping Inventory in a Retail Network.
Kwan Eng WeeMaqbool DadaPublished in: Manag. Sci. (2005)
Keyphrases
- optimal policy
- finite horizon
- infinite horizon
- lost sales
- markov decision processes
- long run
- decision problems
- inventory level
- state dependent
- state space
- supply chain
- reinforcement learning
- dynamic programming algorithms
- finite state
- stochastic demand
- dynamic programming
- inventory control
- serial inventory systems
- average reward reinforcement learning
- sufficient conditions
- average reward
- periodic review
- single product
- base stock policies
- semi markov decision processes
- control policies
- machine learning
- ordering cost
- inventory replenishment
- average cost