An Optimal Policy for Deteriorating Items With Generalized Deterioration, Trapezoidal-Type Demand, and Shortages.
Trailokyanath SinghNirakar Niranjan SethyAmeeya Kumar NayakHadibandhu PattnaikPublished in: Int. J. Inf. Syst. Supply Chain Manag. (2021)
Keyphrases
- optimal policy
- lost sales
- finite horizon
- state dependent
- lot size
- decision problems
- inventory level
- replenishment policy
- markov decision processes
- stochastic demand
- long run
- state space
- periodic review
- infinite horizon
- optimal pricing
- reinforcement learning
- single item
- dynamic programming
- multistage
- order quantity
- base stock policies
- bayesian reinforcement learning
- inventory systems
- lead time
- inventory control
- inventory models
- average reward
- single product
- long run average cost
- serial inventory systems
- demand distributions
- control policies
- sample path
- sufficient conditions
- optimal production
- inventory replenishment
- asymptotically optimal
- inventory management
- planning horizon
- reward function
- markov decision process
- monte carlo tree search
- steady state
- markov decision problems
- production inventory
- dynamic pricing
- production system
- supply chain
- total cost