A Markov Model for Inventory Level Optimization in Supply-Chain Management.
Scott BuffettPublished in: Canadian Conference on AI (2005)
Keyphrases
- markov model
- supply chain management
- supply chain
- inventory control
- inventory level
- markov models
- lead time
- markov chain
- dynamic pricing
- hidden markov models
- electronic commerce
- customer demand
- expected cost
- statistical model
- customer orders
- long run
- total cost
- markov networks
- decision problems
- optimal policy
- higher order
- stochastic process
- state space
- special case
- search space
- objective function
- decision making