Keyphrases
- base stock policy
- finite capacity
- lead time
- inventory level
- single stage
- single product
- queuing systems
- spare parts
- inventory systems
- base stock levels
- revenue management
- production capacity
- fixed cost
- single server
- holding cost
- state dependent
- waiting times
- supply chain
- multistage
- customer demand
- service rates
- inventory control
- capacity expansion
- stochastic demand
- infinite horizon
- production cost
- service level
- optimal policy
- base stock policies
- lot sizing
- total cost
- finished goods inventory
- stock trading
- expected cost
- echelon stock
- inventory management
- queue length
- stock market
- inventory policy
- lost sales
- single period
- multi item
- setup cost
- planning horizon
- finite horizon
- average cost
- queueing networks
- long run
- optimal control
- markov decision processes