Note on the optimality of (s, S) policies for inventory systems with two demand classes.
Shaoxiang ChenJianjun XuPublished in: Oper. Res. Lett. (2010)
Keyphrases
- inventory systems
- periodic review
- lost sales
- single stage
- multi item
- lead time
- optimal policy
- lot sizing
- order quantity
- stochastic lead times
- inventory control
- multistage
- single product
- inventory models
- single item
- infinite horizon
- average cost
- setup cost
- dynamic programming
- inventory level
- learning algorithm
- expected cost
- long run
- sufficient conditions
- optimal solution