Periodic review and continuous ordering.
Dennis PrakRuud H. TeunterJan RiezebosPublished in: Eur. J. Oper. Res. (2015)
Keyphrases
- periodic review
- inventory systems
- single stage
- inventory policy
- inventory control
- inventory models
- ordering cost
- infinite horizon
- stochastic inventory control
- single item
- single product
- finite horizon
- lead time
- multistage
- lost sales
- optimal policy
- multi item
- long run
- lot sizing
- learning algorithm
- stochastic demand
- state space
- stochastic optimization
- service level
- base stock policies
- dynamic programming