Optimal randomized ordering policies for a capacitated two-echelon distribution inventory system.
Taher AhmadiMasoud MahootchiKumaraswamy PonnambalamPublished in: Comput. Ind. Eng. (2018)
Keyphrases
- multi item
- inventory policy
- stochastic inventory
- lot sizing
- inventory systems
- periodic review
- lost sales
- lead time
- ordering cost
- supply chain
- single item
- ordering policy
- optimal production
- multi echelon
- service level
- demand distributions
- order quantity
- holding cost
- inventory models
- production cost
- inventory replenishment
- base stock policies
- finite horizon
- sample path
- random variables
- production inventory
- echelon stock
- multistage
- optimal policy
- single product
- inventory management
- setup cost
- joint replenishment
- inventory holding
- dynamic programming
- safety stock
- combinatorial auctions
- reinforcement learning
- stochastic demand
- optimal solution
- infinite horizon
- production planning
- single period
- revenue management