Dominant retailer's optimal policy in a supply chain under Advance Payment scheme and trade credit.
A. ThangamPublished in: Int. J. Math. Oper. Res. (2011)
Keyphrases
- supply chain
- optimal policy
- dynamic programming
- markov decision processes
- finite horizon
- supply chain management
- state space
- quantity discount
- reinforcement learning
- state dependent
- multistage
- distribution centers
- long run
- infinite horizon
- sufficient conditions
- lead time
- inventory management
- inventory control
- service level
- average cost
- markov decision process
- decision making
- asymptotically optimal
- inventory policy
- random variables
- periodic review
- customer demand
- lost sales
- search space