A Periodic Review Inventory System with Emergency Replenishments.
George TagarasDimitrios VlachosPublished in: Manag. Sci. (2001)
Keyphrases
- periodic review inventory
- optimal policy
- lead time
- inventory level
- finite horizon
- periodic review
- markov decision processes
- infinite horizon
- state space
- decision making
- setup cost
- ordering cost
- lost sales
- service level
- stochastic demand
- supply chain
- single item
- inventory control
- inventory models
- multistage
- customer demand
- single product
- steady state
- total cost
- machine learning
- probabilistic model
- order quantity
- utility function