Joint decisions on emission reduction and order quantity by a risk-averse firm under cap-and-trade regulation.
Qi QiRen-Qian ZhangQingguo BaiPublished in: Comput. Ind. Eng. (2021)
Keyphrases
- risk averse
- inventory level
- order quantity
- decision makers
- lead time
- expected cost
- total cost
- optimal policy
- lost sales
- long run
- production system
- state dependent
- decision making
- infinite horizon
- single stage
- service level
- stochastic process
- inventory systems
- production cost
- stochastic programming
- finite horizon
- stationary distribution
- single item
- inventory models
- utility function
- supply chain
- average cost
- expected utility
- lot sizing
- sensitivity analysis
- markov chain
- dynamic programming
- cost function
- evolutionary algorithm
- reinforcement learning