Optimal control of an inventory system under whole sale price changes.
Ata Allah TaleizadehHamid Reza ZareiShib Sankar SanaPublished in: RAIRO Oper. Res. (2021)
Keyphrases
- stochastic demand
- optimal control
- infinite horizon
- dynamic programming
- finite horizon
- control problems
- single item
- class of nonlinear systems
- lost sales
- reinforcement learning
- risk sensitive
- production planning
- feedback control
- inventory control
- periodic review
- brownian motion
- control strategy
- inventory level
- average cost
- optimal control problems
- holding cost
- fixed cost
- control law
- inventory systems
- stochastic control
- assembly systems
- lead time
- inventory models
- single product
- data mining
- objective function
- state space
- inventory management
- supply chain
- optimal policy
- control algorithm