Capacitated inventory problems with fixed order costs: Some optimal policy structure.
Guillermo GallegoAlan Scheller-WolfPublished in: Eur. J. Oper. Res. (2000)
Keyphrases
- optimal policy
- periodic review
- infinite horizon
- stochastic demand
- inventory systems
- fixed order
- multi item
- state dependent
- finite horizon
- setup cost
- long run
- lead time
- average cost
- lot sizing
- optimal production
- reinforcement learning
- inventory control
- lost sales
- inventory models
- markov decision process
- order quantity
- markov decision processes
- state space
- optimization problems
- production process
- finite state
- single item
- inventory level
- dynamic programming
- base stock policy
- production cost
- total cost
- ordering cost
- base stock policies
- single stage
- service level
- multistage
- probability distribution
- np hard
- data structure