Infinite-horizon models for inventory control under yield uncertainty and disruptions.
Amanda J. SchmittLawrence V. SnyderPublished in: Comput. Oper. Res. (2012)
Keyphrases
- inventory control
- infinite horizon
- finite horizon
- stochastic demand
- supply chain
- lead time
- demand distributions
- optimal policy
- lost sales
- fixed cost
- periodic review
- probabilistic model
- inventory models
- markov decision processes
- optimal control
- single item
- decision makers
- graphical models
- state space
- dynamic programming
- ordering cost
- machine learning