Optimal Policies for Inventory Systems with Priority Demand Classes.
Katia C. FrankRachel Q. ZhangIzak DuenyasPublished in: Oper. Res. (2003)
Keyphrases
- inventory systems
- lost sales
- optimal policy
- periodic review
- single stage
- finite horizon
- inventory models
- multistage
- infinite horizon
- markov decision processes
- decision problems
- multi item
- stochastic demand
- state space
- inventory control
- inventory level
- long run
- order quantity
- single item
- dynamic programming
- lead time
- reinforcement learning
- finite state
- lot sizing
- state dependent
- markov decision process
- expected cost
- sufficient conditions
- transportation problem
- initial state
- average cost
- reward function
- machine learning