Multi-period empty container repositioning with stochastic demand and lost sales.
B. ZhangC. T. NgT. C. E. ChengPublished in: J. Oper. Res. Soc. (2014)
Keyphrases
- stochastic demand
- lost sales
- multi item
- planning horizon
- lead time
- expected cost
- production planning
- infinite horizon
- inventory systems
- inventory control
- lot sizing
- single stage
- supply chain
- holding cost
- single item
- setup cost
- inventory level
- total cost
- long run
- service level
- optimal policy
- fixed cost
- lot size
- production cost
- finite horizon
- average cost
- high volume
- mixed integer programming
- learning algorithm
- finite number
- markov decision processes
- random variables
- state space
- probabilistic model
- dynamic programming