Optimal policy in a hybrid manufacturing/remanufacturing system with financial hedging.
Hong SunWeida ChenZhiliang RenBiyu LiuPublished in: Int. J. Prod. Res. (2017)
Keyphrases
- optimal policy
- optimal production
- production planning
- infinite horizon
- production process
- state dependent
- financial markets
- markov decision processes
- decision problems
- reinforcement learning
- finite horizon
- long run
- state space
- dynamic programming
- manufacturing systems
- raw material
- multistage
- average reward
- production system
- decision making
- sufficient conditions
- inventory level
- planning horizon
- markov decision process
- lost sales
- control policies
- serial inventory systems
- bayesian reinforcement learning
- average cost
- production line
- partially observable
- single stage
- inventory control
- reward function
- optimal control
- markov decision problems
- periodic review
- single product
- stock market
- base stock policy
- control system
- search algorithm