Optimal control policies for dynamic inventory systems with service level dependent demand.
Xiaoming YanXiuli ChaoYe LuPublished in: Eur. J. Oper. Res. (2024)
Keyphrases
- inventory systems
- lead time
- service level
- optimal control
- order quantity
- lost sales
- infinite horizon
- periodic review
- base stock policy
- supply chain
- inventory models
- single stage
- lot sizing
- holding cost
- inventory policy
- single item
- dynamic programming
- stochastic demand
- multi item
- control strategy
- inventory control
- finite horizon
- inventory level
- planning horizon
- optimal policy
- single product
- average cost
- call center
- random variables
- setup cost
- inventory management
- total cost
- data mining
- machine learning
- markov decision process
- production planning
- markov decision processes