Inventory management for dual sales channels with inventory-level-dependent demand.
Tingting LiXiaobo ZhaoJinxing XiePublished in: J. Oper. Res. Soc. (2015)
Keyphrases
- inventory management
- lost sales
- inventory level
- customer demand
- dynamic pricing
- lead time
- optimal production
- supply chain
- inventory systems
- expected cost
- optimal policy
- total cost
- inventory control
- single stage
- production system
- infinite horizon
- long run
- state dependent
- stochastic demand
- supply chain management
- single product
- multi item
- vehicle routing
- stochastic process
- production rate
- production cost
- robust optimization
- service level
- decision making
- lot sizing
- markov decision processes
- order quantity
- stationary distribution
- holding cost
- setup cost
- reinforcement learning