Corrected Diffusion Approximations for a Multistage Production-Inventory System.
Paul GlassermanTai-Wen LiuPublished in: Math. Oper. Res. (1997)
Keyphrases
- multistage
- production inventory
- production rate
- production system
- lot sizing
- single product
- finite horizon
- dynamic programming
- single stage
- inventory level
- heavy traffic
- stochastic programming
- optimal policy
- infinite horizon
- stochastic optimization
- lost sales
- queueing networks
- single item
- long run
- production process
- production line
- machine learning
- revenue management
- inventory models
- cost function