A Novel Approach with Monte-Carlo Simulation and Hybrid Optimization Approach for Inventory Management with Stochastic Demand.
Sarit MaitraVivek MishraSukanya KunduPublished in: CoRR (2023)
Keyphrases
- monte carlo simulation
- inventory management
- stochastic demand
- lost sales
- customer demand
- vehicle routing
- supply chain
- monte carlo
- robust optimization
- inventory control
- markov chain
- infinite horizon
- lead time
- optimal policy
- inventory systems
- supply chain management
- mathematical programming
- inventory level
- single item
- single stage
- optimization problems
- decision making
- travel time
- finite horizon
- multi item
- vehicle routing problem
- dynamic programming