) Policies in Inventory Models with Markovian Demand.
Suresh P. SethiFeng ChengPublished in: Oper. Res. (1997)
Keyphrases
- inventory models
- lost sales
- demand distributions
- optimal policy
- periodic review
- finite horizon
- inventory control
- inventory policy
- single period
- inventory systems
- average cost
- markov decision process
- sample path
- holding cost
- lead time
- single product
- planning horizon
- service level
- multistage
- inventory level
- markov decision processes
- infinite horizon
- state space
- single stage
- order quantity
- state dependent
- setup cost
- initial state
- expected cost
- long run
- supply chain
- multi item
- bayesian networks
- arrival rate
- capacity expansion
- finite state
- reinforcement learning