Optimal Policies for Inventory Systems with Separate Delivery-Request and Order-Quantity Decisions.
Qing LiXiaoli WuKi Ling CheungPublished in: Oper. Res. (2009)
Keyphrases
- inventory systems
- order quantity
- optimal policy
- lost sales
- single stage
- multi item
- multistage
- inventory models
- lead time
- lot sizing
- decision making
- periodic review
- finite horizon
- infinite horizon
- decision makers
- markov decision processes
- dynamic programming
- stochastic demand
- decision problems
- long run
- inventory control
- reinforcement learning
- single item
- state space
- finite state
- inventory level
- service level
- sufficient conditions
- state dependent
- markov decision process
- standard deviation
- holding cost
- initial state
- supply chain
- special case