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A sample-path approach to the optimality of echelon order-up-to policies in serial inventory systems.
Woonghee Tim Huh
Ganesh Janakiraman
Published in:
Oper. Res. Lett. (2008)
Keyphrases
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serial inventory systems
sample path
asymptotic analysis
markov chain
optimal policy
large deviations
average reward
policy iteration
lost sales
single stage
monte carlo
steady state
optimal solution
multi item
long run
markov decision processes
least squares