Finite horizon planning for a production system with permitted shortage and fixed-interval deliveries.
Ahmad DiponegoroBhaba R. SarkerPublished in: Comput. Oper. Res. (2006)
Keyphrases
- production system
- finite horizon
- multistage
- optimal policy
- ordering cost
- infinite horizon
- inventory models
- markov decision processes
- inventory policy
- inventory control
- single product
- production process
- certainty factor
- production planning
- planning problems
- lot size
- multiprocessor architecture
- average cost
- lot sizing
- optimal production
- dynamic programming
- single stage
- partially observable markov decision processes
- production line
- planning horizon
- lost sales
- markov decision process
- decision problems
- state space