Critical Level Policies in Lost Sales Inventory Systems with Different Demand Classes.
Aleksander WieczorekAna BusicEmmanuel HyonPublished in: EPEW (2011)
Keyphrases
- lost sales
- inventory systems
- optimal policy
- periodic review
- single stage
- inventory models
- multi item
- lead time
- inventory control
- infinite horizon
- stochastic demand
- base stock policies
- expected cost
- inventory level
- finite horizon
- stochastic lead times
- holding cost
- lot sizing
- setup cost
- single item
- production cost
- markov decision processes
- multistage
- asymptotically optimal
- production planning
- order quantity
- decision problems
- single product
- dynamic programming