Optimal policy for a dynamic, non-stationary, stochastic inventory problem with capacity commitment.
Ningxiong XuPublished in: Eur. J. Oper. Res. (2009)
Keyphrases
- non stationary
- optimal policy
- finite horizon
- lost sales
- markov decision processes
- state space
- decision problems
- dynamic programming
- reinforcement learning
- state dependent
- infinite horizon
- finite state
- single period
- inventory models
- long run
- sufficient conditions
- control policies
- single stage
- multistage
- average cost
- average reward
- inventory control
- holding cost
- multi item
- fixed cost
- inventory level
- single product
- sample path