Control policies for single-stage production systems with perishable inventory and customer impatience.
Stratos IoannidisOualid JouiniAngelos A. EconomopoulosVassilis S. KouikoglouPublished in: Ann. Oper. Res. (2013)
Keyphrases
- production system
- single stage
- control policies
- multistage
- optimal policy
- finite horizon
- inventory systems
- reinforcement learning
- dynamic programming
- stochastic optimization
- state space
- motion control
- control system
- lot sizing
- periodic review
- control policy
- control strategies
- decision problems
- finite state
- markov decision processes
- long run
- real time
- asymptotically optimal
- sufficient conditions
- transportation problem
- holding cost
- artificial intelligence
- decision making
- inventory control
- single item
- inventory level
- infinite horizon
- initial state
- call center