Imperfect production policy of a breakable item with variable breakability and demand in random planning horizon.
Partha GuchhaitManas Kumar MaitiManoranjan MaitiPublished in: Int. J. Math. Oper. Res. (2012)
Keyphrases
- planning horizon
- optimal production
- multi period
- production planning
- fixed cost
- lot sizing
- expected cost
- lead time
- setup cost
- total cost
- lot size
- supply chain
- inventory holding costs
- inventory models
- production rate
- production cost
- single product
- production system
- capacity expansion
- production process
- holding cost
- ordering policy
- infinite horizon
- random variables
- inventory management
- service level
- raw material
- multistage
- stochastic demand
- single item
- optimal policy
- inventory level
- inventory control
- long run
- knapsack problem
- markov decision processes
- integer programming
- inventory policy
- demand function
- state dependent
- reinforcement learning
- finite horizon
- decision problems
- dynamic programming
- cost function