Near-Optimal modified Base Stock Policies for the capacitated inventory Problem with stochastic demand and Fixed Cost.
Okan Örsan ÖzenerRefik GüllüNesim K. ErkipPublished in: Asia Pac. J. Oper. Res. (2014)
Keyphrases
- stochastic demand
- fixed cost
- inventory control
- lot sizing
- base stock policy
- periodic review
- infinite horizon
- lost sales
- multi item
- lead time
- single item
- inventory systems
- inventory models
- multistage
- mixed integer programming
- single product
- total cost
- planning horizon
- single stage
- production planning
- supply chain
- mixed integer
- finite horizon
- setup cost
- optimal policy
- production rate
- customer service
- inventory management
- customer demand
- service level
- long run
- state space
- lot size
- inventory level
- markov decision processes