Optimal policies for inventory systems with two types of product sharing common hardware platforms: Single period and finite horizon.
Mabel C. ChouChee-Khian SimXue-Ming YuanPublished in: Eur. J. Oper. Res. (2013)
Keyphrases
- finite horizon
- periodic review
- optimal policy
- lost sales
- single period
- inventory systems
- single product
- inventory models
- infinite horizon
- inventory control
- markov decision processes
- single stage
- single item
- decision problems
- reinforcement learning
- production planning
- long run
- multistage
- dynamic programming
- state space
- markov decision process
- finite state
- control policies
- order quantity
- state dependent
- lead time
- average cost
- stochastic demand
- optimal control
- inventory level
- sufficient conditions
- inventory policy
- holding cost
- lot size
- customer demand
- multi item