Closing the Gap: A Learning Algorithm for Lost-Sales Inventory Systems with Lead Times.
Huanan ZhangXiuli ChaoCong ShiPublished in: Manag. Sci. (2020)
Keyphrases
- inventory systems
- lost sales
- lead time
- learning algorithm
- stochastic lead times
- single stage
- periodic review
- inventory models
- supply chain
- inventory level
- multi item
- inventory control
- service level
- stochastic demand
- single item
- setup cost
- optimal policy
- infinite horizon
- lot sizing
- random variables
- reinforcement learning
- holding cost
- total cost
- base stock policy
- machine learning
- expected cost
- finite horizon
- planning horizon
- decision making
- single product