Joint optimization of block-replacement and periodic-review spare-provisioning policy.
Alenka BrezavscekAlenka HudoklinPublished in: IEEE Trans. Reliab. (2003)
Keyphrases
- joint optimization
- periodic review
- inventory systems
- optimal policy
- inventory level
- infinite horizon
- finite horizon
- inventory control
- single stage
- lost sales
- single product
- lead time
- single item
- expected cost
- inventory models
- stochastic demand
- long run
- base stock policies
- multistage
- lot sizing
- multi item
- state dependent
- sparse representation
- inventory replenishment
- markov decision process
- total cost
- inventory policy
- markov decision processes
- average cost
- quality of service
- dynamic programming
- optimal control
- customer demand
- production system
- sufficient conditions
- fixed cost
- supply chain
- state space
- customer service
- decision problems
- image classification
- upper bound
- revenue management
- holding cost
- service level
- finite state
- ordering cost
- data points