An embedded Markov chain approach to stock rationing.
Mehmet Murat FadilogluÖnder BulutPublished in: Oper. Res. Lett. (2010)
Keyphrases
- markov chain
- state dependent
- steady state
- finite state
- monte carlo
- transition probabilities
- monte carlo method
- stationary distribution
- markov process
- state space
- markov model
- monte carlo simulation
- service level
- stochastic process
- random walk
- transition matrix
- optimal policy
- inventory level
- higher order
- neural network