Investigating the effect of demand aggregation on the performance of an (R, Q) inventory control policy.
Manuel D. RossettiMohammad ShboolVijith VargheseEdward A. PohlPublished in: WSC (2013)
Keyphrases
- control policy
- long run
- lead time
- lost sales
- inventory level
- inventory systems
- inventory control
- expected profit
- inventory management
- dynamic pricing
- reinforcement learning
- single item
- control policies
- optimal policy
- approximate dynamic programming
- stochastic demand
- demand forecasting
- expected cost
- admission control
- profit maximization
- average cost
- periodic review
- production inventory
- single period
- inventory models
- planning horizon
- holding cost
- lot sizing
- supply chain
- inventory policy
- revenue management
- setup cost
- production rate
- lot size
- service level
- total cost
- production cost
- single product
- customer demand
- single stage
- multi item
- finite horizon
- infinite horizon
- function approximation
- production system
- sufficient conditions
- search algorithm
- ordering cost
- inventory replenishment
- objective function