Production-inventory control policy under warm/cold state-dependent fixed costs and stochastic demand: partial characterization and heuristics.
Ozgun Caliskan-DemiragYouhua (Frank) ChenYi YangPublished in: Ann. Oper. Res. (2013)
Keyphrases
- stochastic demand
- state dependent
- infinite horizon
- fixed cost
- optimal policy
- long run
- base stock policy
- inventory level
- average cost
- single product
- queueing networks
- inventory control
- lost sales
- finite horizon
- customer demand
- production rate
- inventory models
- single item
- expected cost
- markov decision processes
- state space
- decision problems
- reinforcement learning
- steady state
- finite state
- dynamic programming
- asymptotically optimal
- periodic review
- production planning
- setup cost
- search algorithm
- initial state
- arrival rate
- multistage
- single stage
- inventory systems
- holding cost
- stationary distribution
- markov decision process
- single server
- sufficient conditions
- markov chain
- inventory management
- scheduling problem
- control system