Technical Note - Time Inconsistency of Optimal Policies of Distributionally Robust Inventory Models.
Alexander ShapiroLinwei XinPublished in: Oper. Res. (2020)
Keyphrases
- lost sales
- inventory models
- optimal policy
- finite horizon
- inventory systems
- infinite horizon
- markov decision processes
- sample path
- multistage
- inventory control
- single stage
- long run
- average cost
- reinforcement learning
- lead time
- periodic review
- demand distributions
- state space
- inventory level
- decision problems
- dynamic programming
- single period
- multi item
- average reward
- finite state
- inventory policy
- state dependent
- lot size
- policy iteration
- initial state
- search space
- sufficient conditions
- single product