Optimal Policies for a Multi-Echelon Inventory Problem with Service Time Target and Expediting.
Xiaobei ShenYimin YuJing-Sheng SongPublished in: Manuf. Serv. Oper. Manag. (2022)
Keyphrases
- multi echelon
- optimal policy
- lost sales
- lead time
- assembly systems
- inventory control
- multistage
- infinite horizon
- markov decision processes
- finite horizon
- sample path
- inventory level
- decision problems
- supply chain
- state space
- long run
- lot sizing
- dynamic programming
- reinforcement learning
- distribution systems
- sufficient conditions
- finite state
- service level
- state dependent
- setup cost
- holding cost
- single item
- heavy traffic
- total cost
- average reward
- average cost
- production system
- asymptotically optimal
- order quantity
- long run average cost
- initial state
- multi item
- markov decision process
- single period
- service quality
- cost function