The supplier's optimal guarantee policy in newsvendor finance.
Yanhai LiXuan JiangPublished in: Int. Trans. Oper. Res. (2020)
Keyphrases
- stochastic demand
- order quantity
- inventory policy
- optimal policy
- asymptotically optimal
- expected profit
- optimal production
- single item
- lead time
- infinite horizon
- finite horizon
- inventory models
- dynamic programming
- risk neutral
- supply chain
- inventory systems
- inventory control
- control policies
- replenishment policy
- state dependent
- supplier selection
- control policy
- expected cost
- lost sales
- average reward
- periodic review
- service level
- optimal control
- markov decision processes
- decision makers
- allocation policy
- ordering cost
- uncertain demand
- decision making