An integrated approach to inventory and flexible capacity management subject to fixed costs and non-stationary stochastic demand.
Tarkan TanOsman AlpPublished in: OR Spectr. (2009)
Keyphrases
- non stationary
- stochastic demand
- fixed cost
- infinite horizon
- inventory control
- customer demand
- lot sizing
- finite horizon
- total cost
- lead time
- inventory models
- periodic review
- inventory level
- mixed integer programming
- planning horizon
- lost sales
- optimal policy
- markov decision process
- long run
- multistage
- autoregressive
- markov decision processes
- decision making
- production planning
- single item
- optimal control
- ordering policy
- order quantity
- customer service
- state space