Optimal and simple approximate solutions to a production-inventory system with stochastic and deterministic demand.
Katy S. AzouryJulia MiyaokaPublished in: Eur. J. Oper. Res. (2020)
Keyphrases
- production inventory
- approximate solutions
- base stock policies
- single product
- optimal solution
- periodic review
- production rate
- inventory systems
- np hard
- lead time
- inventory control
- single stage
- inventory level
- production process
- optimal policy
- state dependent
- exact solution
- finite horizon
- revenue management
- lower bound
- planning horizon
- infinite horizon
- higher order
- cost function
- image segmentation