Harnessing demand flexibility to match renewable production using localized policies.
Mahdi KefayatiRoss BaldickPublished in: Allerton Conference (2012)
Keyphrases
- optimal production
- finished goods inventory
- long run
- production cost
- lot size
- optimal policy
- production inventory
- production rate
- production process
- lost sales
- inventory level
- revenue management
- inventory policy
- stochastic demand
- production system
- inventory management
- finite horizon
- capacity planning
- customer demand
- planning horizon
- optimal pricing
- raw material
- base stock policies
- lead time
- inventory control
- profit maximizing
- total cost
- holding cost
- setup cost
- collective intelligence
- production capacity
- expected cost
- inventory holding
- supply chain
- manufacturing systems
- inventory models
- multi period
- periodic review
- inventory systems
- demand function
- production planning
- inventory replenishment
- reinforcement learning
- power generation
- single item
- markov decision process
- infinite horizon
- demand distributions
- operating costs
- multistage