Optimal policy for a two-facility inventory problem with storage constraints and two freight modes.
Ningxiong XuPublished in: Eur. J. Oper. Res. (2009)
Keyphrases
- optimal policy
- finite horizon
- infinite horizon
- lost sales
- state dependent
- inventory level
- long run
- markov decision processes
- periodic review
- decision problems
- state space
- stochastic demand
- optimal production
- reinforcement learning
- order quantity
- inventory control
- inventory systems
- dynamic programming
- single product
- base stock policies
- multistage
- inventory management
- single stage
- average cost
- base stock policy
- lead time
- sufficient conditions
- inventory models
- inventory replenishment
- single item
- average reward
- markov decision process
- control policies
- expected cost
- production planning
- fixed cost
- markov decision problems
- holding cost
- lot size
- asymptotically optimal
- ordering cost
- lot sizing
- supply chain
- bayesian reinforcement learning
- long run average cost