A periodic tabular policy for scheduling of a single stage production-inventory system.
Shashank GargDiatha Krishna SundarK. RavikumarPublished in: Comput. Ind. Eng. (2012)
Keyphrases
- single stage
- production inventory
- lost sales
- base stock policy
- optimal policy
- inventory level
- inventory systems
- periodic review
- multistage
- single product
- base stock policies
- lead time
- scheduling problem
- infinite horizon
- expected cost
- inventory models
- stochastic demand
- production system
- production rate
- state dependent
- stochastic optimization
- finite horizon
- multi item
- total cost
- setup cost
- production planning
- resource allocation
- reinforcement learning
- dynamic programming
- state space
- long run
- decision problems
- markov decision processes
- inventory control
- initial state
- holding cost
- max min
- asymptotically optimal
- order quantity
- flowshop
- parallel machines
- sufficient conditions
- single item
- special case