A New Optimal Policy for Service System with Nonstationary Stochastic Demand.
Jie YangHongwei DingWei WangJin DongPublished in: IEEE SCC (2) (2008)
Keyphrases
- stochastic demand
- non stationary
- optimal policy
- finite horizon
- infinite horizon
- inventory control
- lost sales
- customer demand
- markov decision processes
- dynamic programming
- decision problems
- optimal production
- state dependent
- state space
- sufficient conditions
- customer service
- finite state
- long run
- multistage
- single item
- markov decision process
- random fields
- periodic review
- reinforcement learning
- lead time
- production planning
- inventory systems
- single product
- asymptotically optimal
- supply chain
- average cost
- initial state
- heavy traffic
- fixed cost
- single stage
- inventory management
- service quality
- customer satisfaction