Inventory Models for Substitutable Products: Optimal Policies and Heuristics.
Mahesh NagarajanSampath RajagopalanPublished in: Manag. Sci. (2008)
Keyphrases
- inventory models
- finite horizon
- optimal policy
- lost sales
- average cost
- inventory control
- infinite horizon
- markov decision processes
- state space
- decision problems
- multistage
- dynamic programming
- reinforcement learning
- customer demand
- markov decision process
- single period
- long run
- single product
- finite state
- fixed cost
- demand distributions
- periodic review
- sufficient conditions
- search algorithm
- state dependent
- policy iteration
- average reward
- lot size
- single stage
- initial state
- partially observable markov decision processes
- sample path
- lead time
- inventory policy
- supply chain