Inventory systems with stochastic demand and supply: Properties and approximations.
Amanda J. SchmittLawrence V. SnyderZuo-Jun Max ShenPublished in: Eur. J. Oper. Res. (2010)
Keyphrases
- inventory systems
- stochastic demand
- lost sales
- lead time
- periodic review
- single stage
- multi item
- single item
- inventory control
- lot sizing
- infinite horizon
- order quantity
- optimal policy
- multistage
- service level
- supply chain
- finite horizon
- holding cost
- setup cost
- markov decision process
- reinforcement learning
- total cost
- dynamic programming