A factual observation on "Effective and simple EOQ-like solutions for stochastic demand periodic review systems".
S. K. GoyalPublished in: Eur. J. Oper. Res. (2008)
Keyphrases
- infinite horizon
- stochastic demand
- periodic review
- inventory control
- lead time
- single item
- finite horizon
- optimal policy
- long run
- lost sales
- optimal control
- dynamic programming
- inventory systems
- markov decision process
- inventory models
- production planning
- inventory level
- fixed cost
- markov decision processes
- integer programming
- resource allocation