Inventory turns and finite-horizon Little's Laws.
Benjamin MelamedRudolf LeuschnerWeiwei ChenDale S. RogersMin CaoPublished in: Ann. Oper. Res. (2022)
Keyphrases
- finite horizon
- single product
- inventory control
- infinite horizon
- optimal policy
- markov decision processes
- periodic review
- optimal stopping
- inventory models
- single item
- lost sales
- multistage
- lot size
- stochastic demand
- periodic review inventory
- markov decision process
- inventory policy
- ordering cost
- yield management
- long run
- dynamic programming
- ordering policy
- average cost
- machine learning
- finite state
- optimal control
- lead time
- reinforcement learning