Optimal control of an inventory-production system with state-dependent random yield.
Sarah C. KutznerGudrun P. KiesmüllerPublished in: Eur. J. Oper. Res. (2013)
Keyphrases
- optimal control
- production system
- state dependent
- optimal production
- infinite horizon
- dynamic programming
- production rate
- optimal policy
- inventory level
- production process
- base stock policy
- multistage
- steady state
- stochastic demand
- reinforcement learning
- arrival rate
- queueing networks
- stationary distribution
- control strategy
- queue length
- markov chain
- setup cost
- production line
- planning horizon
- single server
- average cost
- state space
- asymptotically optimal
- markov decision processes
- customer demand
- expert systems
- knapsack problem
- initial state
- inventory policy
- cost function