Optimal control of a production-inventory system with product returns and two disposal options.
Jean-Philippe GayonSamuel VercraeneSimme Douwe FlapperPublished in: Eur. J. Oper. Res. (2017)
Keyphrases
- optimal control
- production inventory
- infinite horizon
- single product
- base stock policy
- finite horizon
- production planning
- dynamic programming
- control problems
- control strategy
- holding cost
- single item
- inventory level
- fixed cost
- optimal production
- periodic review
- lead time
- customer demand
- reinforcement learning
- optimal control problems
- stochastic demand
- revenue management
- lost sales
- inventory control
- inventory management
- linear programming