Optimal production with preemption to meet stochastic demand.
João Bosco Ribeiro do ValJ. L. F. SallesPublished in: Autom. (1999)
Keyphrases
- stochastic demand
- optimal production
- infinite horizon
- inventory control
- production process
- production system
- finite horizon
- optimal policy
- lead time
- lot sizing
- expected cost
- inventory management
- single item
- lost sales
- raw material
- inventory policy
- customer service
- objective function
- manufacturing systems
- markov decision processes
- multistage
- search space