An optimal control of inventory under probablistic replenishment intervals and known price increase.
Ata Allah TaleizadehHamid Reza ZareiBhaba R. SarkerPublished in: Eur. J. Oper. Res. (2017)
Keyphrases
- optimal control
- infinite horizon
- lead time
- supply chain
- control problems
- finite horizon
- dynamic programming
- lost sales
- stochastic demand
- single item
- inventory management
- single product
- inventory level
- reinforcement learning
- control strategy
- total cost
- feedback control
- risk sensitive
- class of nonlinear systems
- production planning
- inventory costs
- average cost
- holding cost
- assembly systems
- optimal control problems
- bullwhip effect
- service level
- periodic review
- base stock policy
- linear quadratic
- lot sizing
- control law
- replenishment policy
- inventory replenishment
- optimal policy
- lot size
- stochastic control
- inventory models
- order quantity
- inventory systems
- fixed cost
- long run
- markov decision processes
- control system