The Infinite Horizon Periodic Review Problem with Setup Costs and Capacity Constraints: A Partial Characterization of the Optimal Policy.
Shaoxiang ChenPublished in: Oper. Res. (2004)
Keyphrases
- periodic review
- infinite horizon
- setup cost
- single item
- lost sales
- optimal policy
- lot sizing
- lead time
- production planning
- holding cost
- long run
- inventory models
- inventory systems
- finite horizon
- single stage
- average cost
- state dependent
- multi item
- stochastic demand
- markov decision processes
- inventory control
- reinforcement learning
- dynamic programming
- multistage
- inventory level
- optimal control
- asymptotically optimal
- state space
- production cost
- planning horizon
- markov decision process
- total cost
- lot size
- sufficient conditions
- service level
- decision makers
- supply chain
- ordering cost
- mixed integer programming
- reward function
- fixed cost