Optimal policy and stability regions for the single product periodic review inventory problem, with stationary demands.
Sotirios PapachristosIoannis GanasPublished in: J. Oper. Res. Soc. (1998)
Keyphrases
- periodic review inventory
- finite horizon
- single product
- optimal policy
- ordering cost
- infinite horizon
- non stationary
- markov decision processes
- inventory models
- multistage
- inventory control
- reinforcement learning
- markov decision process
- average cost
- dynamic programming
- finite state
- periodic review
- state dependent
- single item
- decision problems
- revenue management
- long run
- stochastic demand
- sufficient conditions
- fixed cost
- lot size
- inventory policy
- state space
- total cost
- lot sizing
- machine learning