Integrated inventory and inspection policies for stochastic demand.
Mohamed Ben-DayaSyed Mobasher NomanPublished in: Eur. J. Oper. Res. (2008)
Keyphrases
- stochastic demand
- lost sales
- optimal policy
- optimal production
- inventory replenishment
- infinite horizon
- inventory control
- periodic review
- lead time
- order quantity
- ordering policy
- finite horizon
- production process
- inventory systems
- inventory models
- dynamic programming
- markov decision process
- single item
- long run
- initial state
- single stage
- production planning
- service level
- inventory level
- reinforcement learning
- supply chain
- revenue management
- inventory management
- customer demand
- decision problems
- markov decision processes
- sufficient conditions
- single product
- state space
- average cost