Strategic Behavior and Optimal Inventory Level in a Make-to-Stock Queueing System with Retrial Customers.
Yuejiao WangChenguang CaiPublished in: Axioms (2024)
Keyphrases
- inventory level
- state dependent
- expected cost
- single server
- steady state
- long run
- queueing model
- stationary distribution
- optimal policy
- total cost
- optimal pricing
- customer demand
- lead time
- single product
- queue length
- arrival rate
- markov chain
- lost sales
- fixed cost
- periodic review
- asymptotically optimal
- production capacity
- production system
- holding cost
- queueing networks
- optimal strategy
- expected profit
- single stage
- average cost
- decision making
- dynamic programming
- cost function
- special case
- optimal solution
- production cost
- dynamic pricing
- inventory control
- stochastic process
- infinite horizon
- inventory models
- order quantity
- fluid model
- parallel machines
- long run average cost