Simple modeling techniques for base-stock inventory systems with state dependent demand rates.
Fredrik OlssonPublished in: Math. Methods Oper. Res. (2019)
Keyphrases
- inventory systems
- state dependent
- base stock policy
- single stage
- multi item
- lost sales
- optimal policy
- lead time
- inventory level
- steady state
- periodic review
- setup cost
- queueing networks
- lot sizing
- multistage
- customer demand
- queue length
- single item
- markov chain
- stochastic demand
- arrival rate
- single server
- stationary distribution
- long run
- inventory models
- reinforcement learning