Comments on "Optimal Policies for a Multi-Echelon Inventory Problem".
Andrew J. ClarkPublished in: Manag. Sci. (2004)
Keyphrases
- multi echelon
- optimal policy
- assembly systems
- lead time
- multistage
- finite horizon
- inventory control
- lost sales
- markov decision processes
- infinite horizon
- decision problems
- dynamic programming
- state space
- reinforcement learning
- long run
- lot sizing
- finite state
- distribution systems
- inventory level
- supply chain
- markov decision process
- single item
- control policies
- sufficient conditions
- state dependent
- asymptotically optimal
- holding cost
- initial state
- order quantity
- optimal control
- average reward
- average cost
- bayesian networks
- search algorithm
- random variables
- production system
- total cost