Optimal control policies for assemble-to-order systems with commitment lead time.
Taher AhmadiZümbül AtanTon de KokIvo AdanPublished in: IISE Trans. (2019)
Keyphrases
- optimal control
- assemble to order systems
- lead time
- infinite horizon
- holding cost
- assembly systems
- demand distributions
- periodic review
- lost sales
- base stock policy
- supply chain
- stochastic lead times
- average cost
- markov chain
- dynamic programming
- base stock policies
- single item
- inventory control
- replenishment policy
- inventory systems
- service level
- control strategy
- lot sizing
- inventory models
- stochastic demand
- setup cost
- optimal policy
- finite horizon
- poisson process
- single product
- random variables
- total cost
- planning horizon
- markov decision process
- reinforcement learning
- order quantity
- optimal control problems
- inventory level
- independent and identically distributed
- policy iteration
- state space
- decision makers
- asymptotically optimal
- control policies
- customer demand
- single stage
- decision making