Asymptotic Optimality of Tailored Base-Surge Policies in Dual-Sourcing Inventory Systems.
Linwei XinDavid A. GoldbergPublished in: Manag. Sci. (2018)
Keyphrases
- inventory systems
- asymptotic optimality
- lead time
- periodic review
- asymptotically optimal
- lost sales
- inventory policy
- multi item
- optimal policy
- single stage
- holding cost
- lot sizing
- setup cost
- sufficient conditions
- supply chain
- multistage
- order quantity
- inventory models
- service level
- inventory control
- single product
- stochastic demand
- flowshop
- finite horizon
- single item
- planning horizon
- infinite horizon
- scheduling problem
- inventory level
- machine learning
- markov decision process
- arrival rate
- production planning
- revenue management
- total cost
- random variables
- dynamic programming
- decision making