Achieving High Individual Service Levels Without Safety Stock? Optimal Rationing Policy of Pooled Resources.
Jiashuo JiangShixin WangJiawei ZhangPublished in: Oper. Res. (2023)
Keyphrases
- service level
- safety stock
- achieving high
- inventory policy
- supply chain
- lead time
- order quantity
- total cost
- optimal production
- call center
- planning horizon
- asymptotically optimal
- holding cost
- inventory models
- expected profit
- optimal solution
- resource allocation
- inventory level
- inventory management
- inventory systems
- state dependent
- expected cost
- infinite horizon
- dynamic programming