Easily Implementable Inventory Control Policies.
Wallace J. HoppMark L. SpearmanRachel Q. ZhangPublished in: Oper. Res. (1997)
Keyphrases
- inventory control
- easily implementable
- periodic review
- finite horizon
- optimal policy
- base stock policies
- lost sales
- inventory replenishment
- supply chain
- demand distributions
- stochastic demand
- lead time
- inventory models
- customer service
- customer demand
- markov decision process
- inventory systems
- decision problems
- average cost
- infinite horizon
- markov decision processes
- inventory level
- holding cost
- multistage
- single stage
- dynamic pricing
- cost function
- long run
- supply chain management
- state space